Stern@lemmy.world to World News@lemmy.worldEnglish · 11 months agoRussia's egg crisis is spiraling out of controlwww.newsweek.comexternal-linkmessage-square56fedilinkarrow-up1206arrow-down114
arrow-up1192arrow-down1external-linkRussia's egg crisis is spiraling out of controlwww.newsweek.comStern@lemmy.world to World News@lemmy.worldEnglish · 11 months agomessage-square56fedilink
minus-squareLibertyLizard@slrpnk.netlinkfedilinkEnglisharrow-up5arrow-down1·edit-211 months agoIn 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.
minus-squareMaxHardwood@lemmy.calinkfedilinkEnglisharrow-up6·11 months agoboo-hoo. Profits are not guaranteed.
minus-squarebobs_monkey@lemm.eelinkfedilinkEnglisharrow-up1·11 months agoThe only way a legislated raising of wages works is by initiating price controls, otherwise corps can and will raise prices to protect profits
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.
The only way a legislated raising of wages works is by initiating price controls, otherwise corps can and will raise prices to protect profits