According to some economists, we need more unemployment in Australia to get inflation under control. But, Gareth Hutchens asks, do they know how jobseekers are treated?
File this under “I’m got mine, the rest of you can sod off”!
This would be true if you had stagflation/workers pay driven inflation like in the 80s. But you don’t.
Inflation is not driven by ever increasing salaries and thus too much money (like an inflated balloon). Current real salary levels are stagnant since decades and thus, making those or anything else worker side responsible shows that these people blindly trust a theory they half understood in college 15 years ago
This would be true if you had stagflation/workers pay driven inflation like in the 80s. But you don’t.
Inflation is not driven by ever increasing salaries and thus too much money (like an inflated balloon). Current real salary levels are stagnant since decades and thus, making those or anything else worker side responsible shows that these people blindly trust a theory they half understood in college 15 years ago