Economists say you’re wrong for wanting prices to start falling—and they point to the Great Depression of the 1930s
fortune.com
Be careful what you wish for, economists say.
  • ShaggySnacks@lemmy.myserv.oneEnglish
    0·
    7 months ago

    Wage stagnation is good for business to fatten their bottom line and keep inflation in check. Wage theft? Employees are dedicated and provide companies with surplus labor. Wealth inequality? Everyone not in the 1% is just temporarily embarrassed.

    • Some economist