I hope everybody else already agrees with me that it is obscene for any economist, pundit, capitalist, politician to point to rising wages (or merely a vague, nebulous demand for higher wages) that is producing the inflation we are currently experiencing.
That inflation is caused by pandemic related supply chain issues and the resultant shortages as well as by capitalist profit-taking done under the cover of those pandemic factors. Attend to those issues first.
Because it is a gruesome fact that wages have been stagnant for decades. Prices have risen gradually all that time, and, in the case of housing and public services, far more than gradually. The rich and the super-rich have taken the lion's share of the wealth produced by our economies, especially since 2008. Our governments (mainly the USA) have collectively created trillions of dollars out of thin air to prop up the inflated values of the financial gambling dens to keep them from crashing. HOW DARE anyone blame modest, insufficient wage increases for the working class for inflation!?!
To say that is to admit that they believe workers' incomes, the share of the economy that goes to labour, can never be increased. It is to say to working people: "You must forever grind away in declining circumstances as the oligarchy flaunts its ever-increasing wealth in front of you."
This is a sick, sick culture we live in.
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