Economics Uncovered

Economics Uncovered

Workers are not to blame for high inflation

Is it scapegoating or just more ineptness?

Steven Anastasiou's avatar
Steven Anastasiou
Oct 05, 2022
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Blaming workers receiving higher pay for inflation is wrong, and shows a lack of understanding around the primary mechanism in which price rises eventuate. Instead of driving today’s high inflation, workers are suffering from it, desperately trying to keep their heads above water, as the waves grow higher, and the current gets more vicious. This can cle…

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