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Russia's egg crisis is spiraling out of control
(www.newsweek.com)
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this post was submitted on 30 Dec 2023
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In the current economic system, widespread lowering of prices is considered to be harmful. So it’s not really possible without major economic reforms. Best solution is to increase wages/income to offset higher prices.
boo-hoo. Profits are not guaranteed.
Not really the issue. Deflation is a transfer of wealth from debtors to creditors which is not necessarily healthy. It also encourages hoarding money which can cause job losses.
The only way a legislated raising of wages works is by initiating price controls, otherwise corps can and will raise prices to protect profits