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To: sopo
Why on Earth aren’t they improving the salaries of their workers- especially given inflation

Arbitrarily paying higher salaries in an inflationary economy will only make inflation worse.

29 posted on 09/14/2023 9:24:40 PM PDT by Drew68 (Ron DeSantis for President. A conservative who fights and wins..)
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To: Drew68
"Arbitrarily paying higher salaries in an inflationary economy will only make inflation worse."

Spot on! It's not for the lack of generosity to the workers. It is a practical matter where the increase in wages drives up inflation for the local economy. Such inflation creates a demand for even more money. The overall increased cost of goods and services has a circular effect on the wage increase; eventually, as goods and services in the market overall increase, higher wages will be needed to compensate for the increased prices of consumer goods.

31 posted on 09/14/2023 10:10:49 PM PDT by jonrick46 (Leftniks chase illusions of motherships at the end of the pier.)
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