/biz/ - Business & Finance

>>54566507
>it is structurally impossible
If wages were growing at the same pace as inflation then it would mean that the economy has structurally changed. In that case inflation would be difficult to combat.
In our case inflation adjusted wages have fallen for 24th straight months, so we are at no risk of a wage-price spiral. Inflation adjusted wages are falling, retail sales are slowing, production is slowing, housing prices are falling, banks are failing, lending conditions are tightening. A deep recession is coming and it will kill inflation and the economy.