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.
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.
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