schizoidman@lemm.ee to World News@lemmy.worldEnglish · 10 days agoChina's Xi Jinping asked 'What’s so bad about deflation?' amid economic slowdown, report saysfortune.comexternal-linkmessage-square127fedilinkarrow-up1214arrow-down17file-textcross-posted to: worldnews@lemmy.ml
arrow-up1207arrow-down1external-linkChina's Xi Jinping asked 'What’s so bad about deflation?' amid economic slowdown, report saysfortune.comschizoidman@lemm.ee to World News@lemmy.worldEnglish · 10 days agomessage-square127fedilinkfile-textcross-posted to: worldnews@lemmy.ml
minus-squaredondelelcaro@lemmy.worldlinkfedilinkEnglisharrow-up20arrow-down1·10 days agoDeflationary periods may be helpful to those with large amounts of cash or cash equivalents, which generally isn’t the working class. Wage growth outpacing inflation helps the working class more.
minus-squareubergeek@lemmy.todaylinkfedilinkEnglisharrow-up8arrow-down4·10 days ago Wage growth outpacing inflation helps the working class more. Except, by design, that will not happen, not for longer than a few quarters or so. Why do you think there is a push to get people back in the office?
Deflationary periods may be helpful to those with large amounts of cash or cash equivalents, which generally isn’t the working class. Wage growth outpacing inflation helps the working class more.
Except, by design, that will not happen, not for longer than a few quarters or so.
Why do you think there is a push to get people back in the office?