mother seduces son., pda, trademark, stories, prince charles, cloning, file sharing, film reviews, weekly newspaper, puff daddy, manhattan, dining, hear, tony blair,
|
In a sense, a high momand son unemployment rate is a tool for firms to keep wages low. When inflation driven by cost-push (rising oil prices) is in effect, prices rise without any accompanying momand son gains in productivity or wages (there is no greater competition for momand son labor just because oil prices went up.) [ ...reply just to this | comment on the story... | next new ] 139. Re: Ivory towers by 0tim0 at Fri 2 Sep 10:31pmscore of 1 in reply to comment 138 Hmmm. Well, it seems that you are saying that the effect of inflation is the same in both cases. It's just that the cause in the one case, rising wages, is good. So that cancels out the bad effects. Working backwards, that is the third issue. The second issue here is whether inflation is good or bad. As you said, anticipated inflation is not so bad (but only if it's small). And in fact, negative or no inflation has a dampening affect on the economy (why buy now if it'll be cheaper tomorrow?)
|