> I don't know this author, but the arguments that increasing wages will cause inflation, independent of their economic accuracy, are also perfectly tuned messaging for a specific group, the owners of businesses (and the high-level managers). That could be coincidence, but if the beneficiaries are paying attention - and that group is very sophisticated politically - it's probably not.
The narrative slants aren't even subtle.
Asset prices skyrocket: "Look, the economy's booming! Hooray!"
Wages go up somewhat: "Oh no, inflation! Watch out!"
[EDIT] I mean for general coverage of these topics in the media, not picking on this particular author.
The narrative slants aren't even subtle.
Asset prices skyrocket: "Look, the economy's booming! Hooray!"
Wages go up somewhat: "Oh no, inflation! Watch out!"
[EDIT] I mean for general coverage of these topics in the media, not picking on this particular author.