2 Dec 2022 8:38 am
This is why I hate economics. There’s no science to it. It’s all reactionary.
Is it quite possible that:
1) More people are taking on jobs to be able to afford price hikes due to inflation, leading to #2
2) People now have more money, so producers can raise prices and raise wages, leading to #1
(rinse, repeat)
https://www.cnbc.com/2022/12/02/jobs-re ... -2022.html
Is it quite possible that:
1) More people are taking on jobs to be able to afford price hikes due to inflation, leading to #2
2) People now have more money, so producers can raise prices and raise wages, leading to #1
(rinse, repeat)
https://www.cnbc.com/2022/12/02/jobs-re ... -2022.html