Warning: Some posts on this platform may contain adult material intended for mature audiences only. Viewer discretion is advised. By clicking ‘Continue’, you confirm that you are 18 years or older and consent to viewing explicit content.
Studies have shown that, at least in the states, inflation is basically independent of wage growth.
Not to mention how being the guy who doesn’t jack up prices will automatically hand you a significant market advantage. In non cartel organized markets every competitor has a prisoner’s dilemma incentivizing them to betray the others if an unspoken price increasing agreement is put into effect.
Studies have shown that, at least in the states, inflation is basically independent of wage growth.
Not to mention how being the guy who doesn’t jack up prices will automatically hand you a significant market advantage. In non cartel organized markets every competitor has a prisoner’s dilemma incentivizing them to betray the others if an unspoken price increasing agreement is put into effect.