To be fair- and it would clearly be a disaster - but wages for American citizens would go up. As would the cost of literally everything, and our supply lines would be shattered.
Actually demand would crater after the economy collapses. Nominal wages would increase as we go into hyperinflation while adjusting for inflation real wages would be drop.
To be fair- and it would clearly be a disaster - but wages for American citizens would go up. As would the cost of literally everything, and our supply lines would be shattered.
Actually demand would crater after the economy collapses. Nominal wages would increase as we go into hyperinflation while adjusting for inflation real wages would be drop.
Yes. Real wages would drop even with wage increases but at this point I’ve had zero raises in years to go along the inflation.