this post was submitted on 11 Apr 2024
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Rising wages can increase prices, but don't necessarily have to.
Also other factors can increase prices while wages stagnate.
Recent price increases e.g. have mostly been driven by supply and logistics issues, mostly for food and energy.
That is not entirely correct either.
If wages rise through the board, then rising prices are not a big issue.
On the contrary, wage driven inflation might even re-balance income distribution to the benefit of workers.