How does raising wages worsen inflation ?
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This is the theory that some may talk about that you may be addressing here, but there are deeper aspects than this and it rarely works out this way in real life in the way theory works. It’s not always even or as simple as this so keep it with a grain of salt but…
The cost of living in my area increases. An employee wants to work at a certain bar, but the employee group in their area cant afford to live there anymore even if they wanted to because they cant afford rent/living with the wage the bar is offering. It isn’t economically feasible for them to work at that bar anymore. So now a place has to increase wages to convince anyone to work for them. Since they have to increase wages for their business, they suddenly don’t know how they can keep their business at the same profit so they now “need” to increase their prices if they want to keep their same profits or increase them.
That’s more of a small business aspect of it and not as complicated as it may be on a corporation scale. Greed is definitely a debate that can and does happen in the real world and would depend on a case by case basis
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