(U.S) What causes yearly inflation, and why can’t wages increase at the same rate?
In: Economics
Prices for different items increase at different rates and at different times and occasionally prices like oil actually decrease in price. There are too many factors in play in inflation for governments to be able to control it other than the extremely broadest manner. Wages are a factor in inflation so if you increase wages too much across the whole economy you increase inflation. – https://youtu.be/-dnKdCwCw8o
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