If the French Revolution taught us anything, nothing changes until heads roll. And even then it’s inevitable it will happen again, and again.
Well, the observation that prices will go up when salaries go up is not wrong; that that’s a problem is also not wrong. But this? Ugh.
Edit: dear downvoters: the “ugh” is about the article, I don’t think the gist of it is “good”.
that prices will go up when salaries go up is not wrong
Rising wages can increase prices, but don’t necessarily have to.
Also other factors can increase prices while wages stagnate.
Recent price increases e.g. have mostly been driven by supply and logistics issues, mostly for food and energy.that that’s a problem is also not wrong
That is not entirely correct either.
If wages rise through the board, then rising prices are not a big issue.
On the contrary, wage driven inflation might even re-balance income distribution to the benefit of workers.
Good old Axel Springer.
