I’m not sure you get the point I am making. You changed something, perhaps without noticing. The quote is about productivity, not inflation. Merely keeping pace with inflation when productivity is booming hardly seems enough.
If you think productivity should be factored in that’s fine, but I’m not talking about productivity like the post is. I purposely left it out. I’m merely saying that wages should keep up with inflation at the very least.
So if industrialists could manage inflation while increasing productivity, they should keep all the gains?
We’d have a different system in an ideal world but I’m not commenting on that now.
I’m not sure you get the point I am making. You changed something, perhaps without noticing. The quote is about productivity, not inflation. Merely keeping pace with inflation when productivity is booming hardly seems enough.
If you think productivity should be factored in that’s fine, but I’m not talking about productivity like the post is. I purposely left it out. I’m merely saying that wages should keep up with inflation at the very least.