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lemmington_steele ,

no one wants lower wages, but wage increases lead to businesses increasing their prices.

supply shocks aside, there is a negative correlation between inflation and unemployment for a host of complex reasons. so there’s ultimately a trade-off to pick.

unfortunately, the issue is that given businesses also function from the idea that there is such a trade-off, supposing we announce we want to lower unemployment, they raise their prices in anticipation.

it’s a sad system

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