this post was submitted on 18 Nov 2023
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[–] echodot@feddit.uk 5 points 1 year ago

In the past inflation was seen as a bad thing and destabilizing to an economy so governments put actual effort into making it go down. The easiest way to do that is to keep employee wages in line with inflation, but at some point someone, probably with an R next to their name, decided that that was evil socialism, and so shouldn't be done.

So now inflation goes up and the government just sits there and goes "oh nothing we can do".