[Vision2020] wages and inflation
Stephen Cooke
scooke at uidaho.edu
Fri Jan 13 15:16:59 PST 2006
DJA writes: "Increasing wages causes inflation."
Not true! Wages can increase at the rate of productivity increase
for either a company or a nation without causing inflation. Beyond that
additional increases will cause inflation. If this statement were true
corporate pay increases would be the single larges source of inflation in
the U.S.
WM is v. productive and yet they do not pass the
productivity gains on to workers who are responsible in part for the gains.
This is what makes WM an irresponsible corporation, in part.
Steve Cooke
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