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there’s no monetary inflation in the system. Consumer price increases are from pandemic supply chain disruptions. Wage raises in response to consumer price increases are not only *not* inflationary, but are deflationary and will result in either wage decreases (as Walmart has already done) or cutting jobs via layoffs and reducing full time to part time as the worsening economy impacts employers.

Mike Brock 2y ago

Low-skill wages disproportionately rising is a definitely inflationary from a median frame of reference. It's a major form of cost-push inflation.

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Discussion

Phillip Leslie 2y ago

Exactly- it pushes costs so high no consumers can buy and because wages are so high whatever does sell yields no profits. Job loss at best and business closure at worst. Deflationary.

Phillip Leslie 2y ago

Or if wages get too high- bye job , hello robots