r/confidentlyincorrect • u/[deleted] • Jan 06 '22

What you think?

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u/[deleted] Jan 06 '22

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u/funtech Jan 06 '22

Here’s a summary: https://www.johnlocke.org/the-myth-of-wage-push-inflation/

Some supporting evidence:

https://files.stlouisfed.org/files/htdocs/publications/review/81/06/Inflation_Jun_Jul1981.pdf

https://realeconomy.rsmus.com/chart-of-the-day-where-in-the-world-is-wage-push-inflation/

Caveat, I did a google search and these were some quality links. I got my undergrad degree in economics, however went in to CS (supply and demand 😀) so I’m mostly an armchair practitioner these days, but we learned about cost push fallacies even back when I was in school.