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On Wages and Inflation
Very recently, for the first time in history, average pay for workers in supermarkets and restaurants nationwide climbed above $15 per hour, in part due to the labor shortage we have addressed previously. Confronted with this new reality, business owners and the semi-intellectual hacks that speak for them have begun to warn of a great calamity: rapid inflation. According to this prophesy, increases in wages will force increases in the prices of consumer goods, leading to inevitable economic ruin, all due to the greedy wage workers, many of whom are now earning enough to stave off poverty for the first time!