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    Joe Cooper 🇺🇦 (swelljoe@mas.to)'s status on Monday, 24-Jun-2024 06:22:10 JSTJoe Cooper 🇺🇦Joe Cooper 🇺🇦
    in reply to
    • Tokyo Outsider (337ppm)

    @tokyo_0 you reckon it's too high or too low? Some inflation is probably good for working class folks, as long as wages keep pace with it (which isn't a given, see the current US minimum wage that hasn't changed in 15 years), as it devalues assets of rich folks and working class folks assets, like a house with a mortgage, act as a hedge (cost of housing stays the same, while wages go up). But, too much inflation is an economic shock and wages tend to lag way behind, hurting workers.

    In conversationabout a year ago from gnusocial.jppermalink
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