Isn’t the wage-price spiral now considered a myth?
A large part of inflation was central banks doing a “money printer go brrr” in response to covid. There were many predictions that it would cause significant inflation at the time; it just took a minute to see the effects.
businesses and workers alike to accept we’re all poorer now
And the extraordinary leaps of real wealth gains of the 0.1% in that timeframe? We just ignore that?
Isn’t the wage-price spiral now considered a myth?
A large part of inflation was central banks doing a “money printer go brrr” in response to covid. There were many predictions that it would cause significant inflation at the time; it just took a minute to see the effects.
And the extraordinary leaps of real wealth gains of the 0.1% in that timeframe? We just ignore that?