wages
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On inflation, inequality, and hungry ghosts.
Inflation might gobble fortunes, all because power people don’t think that workers should be paid more.
Brad DeLong, capitalism, cartel behavior, consumer spending, consumerism, corporate profits, cost of living, currency, economic policy, economics, economies, ending inflation, explanation of inflation, Ezra Klein, food prices, Food Prices Soar, fuel costs, gold standard, inequality, inflation, interest rates, J. Bradford DeLong, monetary policy, monopoly power, pandemic response, rising prices, salaries, salary increases, shipping costs, United States inflation, wage increases, wages, what causes inflation
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On productivity, and the risk of accidentally making the world worse when we’re trying to make it better.
If efficiency were all we were after, why bother with human consumers? Robots could grow the food, and gobble it all up, too.
Frank Brown Cloud 