Comment on Why the cost of living crisis will not get better

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showmeyourkizinti@startrek.website ⁨5⁩ ⁨days⁩ ago

Just to tag on to your point higher wages help to GDP and the economy as well by increasing consumption. If the top 1% are getting more money they tend to invest it in lower growth investments (safe investments and high end goods) decreasing the amount of money cycling through the economy. Where as lower incomes spend the increase wages on more goods and services from other people which puts the money back in to movement and increases the number of time the money cycles through the economy.

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