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submitted 1 year ago by eee@lemm.ee to c/workreform@lemmy.world
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[-] jj4211@lemmy.world 13 points 1 year ago

Note that a critical part of that equation is that wages are included in the inflationary trend.

But other than that explicit detail, that's spot on. Ultimately money is a "trick" we use to influence our productive behavior. So a slightly creeping number works best to make the "money" move instead of sit still, and the whole point of the mathematical model is that the things need to move around.

this post was submitted on 19 Sep 2023
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