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If you want to increase wages you need to increase inflation, for a better economy in the world

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Exactly you have to pay the price for more money
It’s better for the people
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And then social security wages go up
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Fentonisfree · 51-55, MVIP
Wage increases have a direct impact on inflation,
Does give the government more money in taxes,
If you want to build the economy people need to spend,
Businesses can invest for the future
Let’s see what this brand new Labour government do.
Reason10 · 70-79, M
@Fentonisfree WRONG.

Giving people money (which means printing more useless dollars) and the M1 supply mushrooming is INFLATION.

Period.

People do not need to spend. When they spend, they are better off with currency that is worth more than used toilet paper.
Actually. If you want to increase wages in a way that actually benefits people the answer is organized labour.


Inflation going up does eventually result in wage increases but actual purchasing power consistently stays late or decreases in the case of the USA.
Reason10 · 70-79, M
@PicturesOfABetterTomorrow
Actually. If you want to increase wages in a way that actually benefits people the answer is organized labour.

Nope.
Under normal circumstances I would suggest that labor unions could protect their dues paying members from unfair labor practices, etc. But a blue state labor union drives wages WAY higher than the free market would allow. Some companies respond by shutting down plants and moving to the south, to right to work states. Other plants just shut down and move to the Far East.
But in a heavily unionized state, those extra bucks are eaten up in dues (which go primarily to Democrat politicians) and a higher cost of living, as well as HIGHER TAXES.

Inflation going up does eventually result in wage increases

You do not know what inflation is. (Apparently, this forum is a Downs Syndrome ward when it comes to the SIMPLEST economics 101 concepts.)

Inflation can ONLY be caused by government spending. It is defined as TOO MANY DOLLARS CHASING TOO FEW GOODS.
There is this thing called M1. It is the national money supply and a lot of items are indexed to it. (for the idiots who tried to blame the Biden inflation on a mythical "global" inflation) If the money supply increases without a corresponding increase in supply and an expansion of the economy, those dollars lose value.

That's why the Democrats are responsible for the WORST economies of all time. Their monetary knowledge is less than that of a chimp.

The ONLY reason for wages to go up would be the FREE MARKET. If a company is facing competition from another company for workers, the first item would be to COMPETE by offering higher wages. That's one reason why the Reagan economy was so good for workers. BESIDES the record numbers of REAL JOBS the tax cuts created, there were more jobs than workers. Companies HAD to raise salaries just to be able to get workers.

Democrats are GREAT at rescuing big corporations from this by screwing the economy at every turn.
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You need a democracy to control corpoy.
Reason10 · 70-79, M
@Roundandroundwego We don't live in a Democracy now. (Unelected Joe's stolen presidency is proof of that.)
We live in a representative Republic.
Ironically, it is the DEMOS who mostly distrust the Democratic process.
@Reason10 you might think my rights to live in a democracy disappeared at the US border. But that's just a superstition.
Reason10 · 70-79, M
Boys and Girls, ECONOMICS 101.

The law of supply and demand. If supply stays the same and demand goes up, PRICE goes up.

If supply goes down and demand stays the same, PRICE goes up.

And so on.

The Roosevelt welfare state Keynes method (a mentality which by itself gave us TRILLIONS in a national debt) is getting more money into the hands of citizens. Problem is, SUPPLY remained the same. Therefore that supply COST MORE.

More dollars means each dollar is worth less.

If an economy is GROWING and more SUPPLY is made domestically, (and the paying population is increasing) then the money supply has to reflect that.

That basically gave us the REAGAN miracle, which (a) gave America the greatest economy of the 20th Century and (b) brought in an additional TRILLION DOLLARS in extra revenue by 1986, even though Entitlement spending far outpaced all other spending

The Reagan plan was called SUPPLY SIDE.

(The idiots here who were socially promoted out of blue state public schools and useless diploma mills with HUGE student loan debts try to refer to this as trickle down. Once again, showing that liberals everywhere have BAT GUANO for brains.)
@Reason10 Tell me without telling me you learned economics from Reddit.
Reason10 · 70-79, M
@PicturesOfABetterTomorrow I know more about economics than ANY goose stepping liberal here. The courses were part of my bachelor's degree in Business Administration. Got the highest test scores in the class.
@Reason10 Actually, your posts prove you don't know anything about the subject and that you also don't understand basic political terms at even a high school level.


If you do have a degree that is just worse because that means you know better but lie instead.
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Monaschandroff86 · 18-21, F
@Reason10 you need to pay to print money printing money isn’t free
Reason10 · 70-79, M
@Monaschandroff86 That is true. And trees are sacrificed to inflate the currency of a country.

 
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