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Voltaire2

(13,063 posts)

4. Wages have lagged far below increases in

Reply to applegrove (Original post)

Tue Dec 1, 2020, 07:28 AM

Dec 2020

productivity for decades - 4 decades - and unions are now a minor part of the workforce -13%. So I don’t understand the premise.

On the other hand, attempts to demonstrate that real world wage increases, for example increases in the minimum wage, cause a corresponding increase in inflation generally fail to do that.

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Would basic income instead reduce the inflation union wage rises would [View all] applegrove Dec 2020 OP

I see the savings from administrative costs as a big plus. Mopar151 Dec 2020 #1

Yes. That goes without saying. applegrove Dec 2020 #2

The Threshold for side money needs to be high. Mopar151 Dec 2020 #3

Wages have lagged far below increases in Voltaire2 Dec 2020 #4

Not Sure There's Evidence That... ProfessorGAC Dec 2020 #5

indeed. Voltaire2 Dec 2020 #6

When wages were going up and inflation, government used to up interest applegrove Dec 2020 #7

Again, Scant Evidence ProfessorGAC Dec 2020 #8

Since we are in a depression we have to worry about deflation not inflation. Demsrule86 Dec 2020 #9