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Strange, isn't it?
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this post was submitted on 14 Apr 2024
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Supply and demand. The supply reduced so wages went up but only as much as demand required. If you want more money be more valuable.
Well, we could skip the labor shortage until wages increase by increasing wages right away.
We simply don't have a perfect market, which would be required for supply and demand to regulate without hiccups.
So you want labour shortages (and/or strikes because that's the other way to effect a supply shortage) for a while to hurt the economy before The Market finds a way to pay the people it wants to consume their way to infinite growth
What a weirdly planned economy