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Originally Posted by nomadking
How would an inflationary spiral help anyone?  |
It wouldn’t, but why should preventing it fall disproportionately on some workers?
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Have they suddenly become more highly skilled? Have they suddenly become more productive?
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That’s irrelevant. The entirely mythical Tory high wage, high skilled economy drives up wages for all workers due to the reduced supply of “unskilled” workers creating competitive pressure (dare I even say inflationary pressure) for employers.