Home › Forums › Financial Markets/Economics › Stagflation? › No but if inflation goes up
No but if inflation goes up 10% your wages go up 15% even if your market share declines if you have a strong union.
See Auto workers in the 1970’s.
It’s complex.
Food, clothes and basic cars were a lot more expensive in 1980 than it is today (percentage wise).
Like I said it was more about the inflation measurement than anything else.
If house prices went up your cost of living wage increase went up, if gas went up you also got a raise.
they took that out in 1981
