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Prices go up, pay rates don't. Please explain how this is "sustainable."?
I'd like your opinion on why and how prices continue to climb, yet pay rates remain largely unchanged. Am I missing something? At some point I expect the law of supply and demand to kick in and prices to fall due to lack of demand (affordability), or pay rates for producers to increase due to increased profit from constant price hikes.
3 Answers
- CarlLv 48 years agoFavorite Answer
its called Greed 1st you have the American dollar value being much less then you have company's Closing doors the simple fact is its greed and the poor people are sick of the rich sticking them to it watch within 2 to 3 years we will see another civil war it will be rich agnest poor and who do you think will win,The Poor 1 man fighting for his freedom is worth more the 100 men fighting for greed
- 8 years ago
You're right Dan. It's not sustainable at an aggregate level. At some point prices will rise to a point where they choke off consumption and have to stop rising.
However, it could be that in certain industries pay rates will not increase while general prices rise. For example, if a US industry is facing increasing competition from foreign competitors it may be that the industry is unable to pay its workers more. These workers' real incomes will therefore fall and it may be that their incomes will never increase.
