>I am not saying that inflation or interest rate rises are impossible in the future but I am suggesting that those who suggesting these are anything but very temporary phenomenon have to explain why the trends of many decades are going to reversed now and for what reason.
Because the neoliberal economic model that includes a stratified scarcity principle (keeping wages as low as possible so consumer demand keeps prices down) isn't built for a sustained global economic downturn.
The very fact that the Biden administration harpooned the very minimum wage increase that they advocated for in the campaign should indicate to everyone just how seriously they are taking inflation.
Because the neoliberal economic model that includes a stratified scarcity principle (keeping wages as low as possible so consumer demand keeps prices down) isn't built for a sustained global economic downturn.
The very fact that the Biden administration harpooned the very minimum wage increase that they advocated for in the campaign should indicate to everyone just how seriously they are taking inflation.