Thank you for considering subscribing to Nominal News! As we work towards our goal of reaching 1,000 subscribers by the end of the year, your support is greatly appreciated. The Economist published a controversial piece on the topic of inflation and wage growth, arguing that higher wages lead to increased inflation. However, empirical research contradicts this claim, showing that inflation actually drives wage increases. The article also discusses historical inflationary episodes and the relationship between wage growth and inflation levels. Additionally, it challenges the idea of reducing wages to combat inflation, highlighting potential negative consequences for workers. Ultimately, the piece raises important questions about the factors influencing inflation and wage dynamics.
https://www.nominalnews.com/p/your-pay-is-still-not-going-up-too-fast