#economics
#inflation #InterestRates #MMT #UBI
This article asks the right questions but skirts around the answers.
https://www.cbc.ca/news/canada/inflation-interest-rate-hikes-1.6678050
Workers pay two ways: through direct loss of employment, and the decreased ability to individually or collectively bargain for higher wages to address the rise in prices.
When central banks 'wage war on Inflation" the only casualties are workers and their families.