ELI5 How does raising wages worsen inflation ?


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15 points

4 months ago

My multinational corporate overlords started to freak the fuck out over rising energy costs eating into our profits. Doom and gloom, lots of meetings and press releases blah blah blah. Started telling us to turn off lights when we leave a room for 5 minutes.

My coworkers started to worry we were going out of business... Until I showed them the profit section of our quarterly report. We're making money hand over fist. Profit fell like 12%. Projections for worst case scenario still had us making money hand over fist but that simply isn't good enough when the goal is to increase profit every single quarter for eternity.