I can never understand how any sane person can think inflation can have any benefits for society. The huge increase in income inequality is for the most part caused by inflation. Companies tend to increases wages at a lower rate than prices so many workers must always attempt to justify increases in their compensation even though theirs really not any increase in buying power. And when they fail to secure a raise that means their really having their pay reduced adjusted for inflation.
I can never understand how any sane person can think inflation can have any benefits for society. The huge increase in income inequality is for the most part caused by inflation. Companies tend to increases wages at a lower rate than prices so many workers must always attempt to justify increases in their compensation even though theirs really not any increase in buying power. And when they fail to secure a raise that means their really having their pay reduced adjusted for inflation.
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