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Joe Cooper 🇺🇦 (swelljoe@mas.to)'s status on Monday, 24-Jun-2024 06:22:10 JST

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    Joe Cooper 🇺🇦 (swelljoe@mas.to)'s status on Monday, 24-Jun-2024 06:22:10 JST Joe 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 conversation about a year ago from gnusocial.jp permalink

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