Well, the observation that prices will go up when salaries go up is not wrong; that that’s a problem is also not wrong. But this? Ugh.
Edit: dear downvoters: the “ugh” is about the article, I don’t think the gist of it is “good”.
prices will go up when salaries go up
Not necessarily, though. Sometimes salaries go up and prices go up. Sometimes salaries are stagnant and prices go up. Sometimes salaries go down and prices go up.
Prices go up no matter what because corporations are never satisfied with obscene profits. Their shareholders demand MORE obscene profits every quarter, everything else be damned.
Is there a situation where salaries go up but prices don’t?
when efficiency/productivity increases
Over the last 40 years in the US productivity has increased steadily and so have prices. Real wages have stayed flat.
Next up: How combining shrinkflation with inflation empowers customers.
Shorter life expectancies: good for the environment!
Did you mean “Shorter life expectancies: good for the economy!” ?
I just lost another part of my soul. Goddamn.
Capitalism has run its course
the means of production aint gonna seize themselves
If the French Revolution taught us anything, nothing changes until heads roll. And even then it’s inevitable it will happen again, and again.
