searabbit

when economists talk about inflation it is with the assumption that wages will rise by an equal amount.

And, generally speaking, this is actually true

You barely touched on the lack of wage growth that’s been going on since the 70s, not the 2000s. I’m no history buff, but historically speaking, it just doesn’t seem like this assumption holds without a massive amount of regulation, progressive taxation, and labor unions that we only really saw for a couple of decades.

I think this gets at a lot of people’s distrust of economists these days. The assumptions and status quo just conveniently ignore reality as seen by the working class in favor of capitalist propaganda. Why else would people start to question if inflation is even necessary when it’s not once benefited us in our lifetime?

Like greeters were often people who couldn’t physically or mentally perform a full job

I really like that you point this out because a thriving society takes care of their vulnerable and disabled populations in this way. A lot of disabled people in the US want to work, but mostly due to disability asset caps along with the actual disability, they can’t.

Idk if this is a joke or you think hard determinists are also always passive nihilists. That must be the philosophical equivalent of severe depression.