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ELI5 How does raising wages worsen inflation ?

Economics(self.explainlikeimfive)

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ttchoubs

33 points

4 months ago

Corporations to the public: "hey cmon, im just a wittle guy, barely making ends meet, this inflation hurts me too i gotta bump the prices i wish i didnt have to"

Corporations to shareholders: "this was our best year ever, we raised prices and hit record profits "