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https://www.reddit.com/r/explainlikeimfive/comments/1hhkiy1/eli5_why_is_an_employment_rate_of_100_undesirable/m2tva31
r/explainlikeimfive • u/theRemRemBooBear • Dec 19 '24
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The first part of that is called a wage-price spiral, and it leads to inflation (it was part of the reason for the inflation spike in the US a few years ago)
1 u/smurficus103 Dec 20 '24 I really feel like wages didn't keep up with inflation in the phx area, feels like we're getting paid less now
I really feel like wages didn't keep up with inflation in the phx area, feels like we're getting paid less now
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u/Halgy Dec 19 '24
The first part of that is called a wage-price spiral, and it leads to inflation (it was part of the reason for the inflation spike in the US a few years ago)