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Politics : Formerly About Advanced Micro Devices
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To: Rarebird who wrote (1402054)5/9/2023 9:11:15 PM
From: Tenchusatsu  Read Replies (2) of 1578295
 
Rarebird,
Inflation has hurt asset holders considerably more than labor.
What are you talking about? Labor is affected much more than asset holders, who can simply shift their holdings toward inflation-resistant commodities like oil.

Meanwhile labor is deeply affected by rising living costs. Remember the big push toward $15/hour? That's meaningless now thanks to inflation.

In fact, inflation is the natural market correction that occurs when too much money chases after too few goods.

No way that affects asset holders more than labor.

Tenchusatsu
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