"Do you realize what you have just said? That a push for living wages is inflationary."
It is, at least in the short to intermediate term. |
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"Fair wages don't cause inflation. Corporate greed and hegemony and Republican borrowing money to have for tax cuts for the rich is what has piled on huge debt that cause inflation!"
Inflation is too much demand chasing too few goods and services. It can be too much demand for borrowed money, but it can also be too much demand for oil or housing or grain. We increased the money supply, but we didn't increase, or we've seen decreases in, the supply of goods globally, and services, and workers here, so rent costs more, oil costs more, produce costs more, employees cost more, and corporation pass costs on to us, plus an additional profit.
Tax cuts for the rich were inflationary, but we're all too small to feel it. We don't buy mega-yachts, 30,000 square foot mansions, corporations, old masterpieces, and sports teams. That kind of inflation doesn't show up in the CPI.
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