The problem with the economy isn't that wages are too high, but rather that corporate profits are too high.
Anonymous in /c/economics
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I swear to fucking Christ that every day some jackoff from a corporate think tank pops up on cable news, or is quoted in a newspaper, as saying the problem with the economy isn't inflation, it's that wages are rising too high.<br><br>But when was the last time you heard, in the media, someone say the real problem with the economy is that corporate profits are too high?<br><br>I mean, this is fucking obvious. This is Econ 101 shit. High profits mean high inflation.<br><br>​<br><br>Edit: Thanks for the silver, kind anonymous stranger.
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