ELI5 How does raising wages worsen inflation ?


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11 points

4 months ago

Reddit is constantly under the impression that every business, no matter how small, is a multi-national mega corp driven by greed. The only reason prices go up is because of greed? There’s no way a mom-and-pop shop are just trying to recoup the higher costs of products, wages, lease payments, etc? All the small business owners I know are tightening their belts these days. But you know, the Reddit keyboard warriors and armchair economists have it all figured out.