True, but we don't call that inflation. Just adjustment of extravagant tech salaries & bonuses :-)
well, if I thought it was only tech salaries we were talking about I wouldn't have mentioned it. I think that there are "adjustments" going on throughout the economy. We have grocery store strikes going on over here, ostensibly because the corporations are passing along some of the healthcare insurance costs to theh employees. Where that isn't a direct reduction in actual wages, the effect is the same. The employee now has less money to spend on cigarettes, beer and ecstacy...errr, I mean food, clothing and rent.
But you could also do the trickle down thing from tech....fewer ferrari's are being bought, so the ferrari salesman has less money....since the ferrari salesman has less money, fewer leisure suits are sold, so the leisure suit salesman has less money, which means the crack salesman has less money so...... |
