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this post was submitted on 11 Apr 2024
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Not necessarily, though. Sometimes salaries go up and prices go up. Sometimes salaries are stagnant and prices go up. Sometimes salaries go down and prices go up.
Prices go up no matter what because corporations are never satisfied with obscene profits. Their shareholders demand MORE obscene profits every quarter, everything else be damned.
It's not about making profits. It's about growing profits.
That's what the person you're respnding to said though?
Also, prices have to go up as long as interest rates are not declared illegal.
Personally I am very much in favour of declaring interests illegal.
Is there a situation where salaries go up but prices don't?
when efficiency/productivity increases
Over the last 40 years in the US productivity has increased steadily and so have prices. Real wages have stayed flat.
So with increased efficiency/productivity you might get a situation where worker salaries get higher but since products are made cheaper they might not raise prices on them? Makes sense. I wonder if in such situations either the resulting inflation or just greed ends up pushing the prices up anyway in real world scenarios.
Of course, you’re right. I guess what I’m trying to say is that if there is going to be a predictable rise in people’s money, prices will increase extra. If no other measures are taken, people will have no change in how much they can buy, and prices will probably go up months earlier than incomes too.