Companies like profits, so they’ll keep raising prices as long as people keep paying them.
This is of course true whether or not wages go up.
If people don’t have money to spend on shit, they won’t, and thus the prices will have to go down or at worst stagnate.
No, the prices don’t have to go down or stagnate. Products don’t become cheaper or easier to produce because there are fewer people who can buy them. In fact the opposite is true. Cost per unit is higher as total units produced goes down.
keep thinking you understand the issue better than people who have studied everything about the issue and are actually paid for their knowledge.
Oh, I do think they understand this, and they are paid, but not necessarily for their knowledge.