Inflation: Who Matters? — Peter Radford

Summary:
Apparently Wall Street bonuses have risen 1,217% since 1985. Quite what the significance of 1985 is I cannot tell, but the number itself seems to have the right feel. Having seen a few of those years first hand I can attest to the pace of increase from an anecdotal perspective.More importantly, if we applied the same rate of increase to the minimum wage over a similar period it would stand at per hour and not the current rather pathetic .25.…For conventional economists, the only actual inflation that needs to be considered is wage inflation (Phillips curve). The Radford Free PressInflation: Who Matters?Peter Radford

Topics:
Mike Norman considers the following as important:

This could be interesting, too:

Matias Vernengo writes Elon Musk (& Vivek Ramaswamy) on hardship, because he knows so much about it

Lars Pålsson Syll writes Klas Eklunds ‘Vår ekonomi’ — lärobok med stora brister

New Economics Foundation writes We need more than a tax on the super rich to deliver climate and economic justice

Robert Vienneau writes Profits Not Explained By Merit, Increased Risk, Increased Ability To Compete, Etc.