RaymondPierreL3#GregJericho must be getting very tired of stating obvious economics facts. I’m surprised he is not blue in the face. There are no more deaf people than those who do not wnat to hear (or those infected by the dreaded #NeoClassical / #NeoLiberal economic fallacies — all of them debunked in 2008 — chief amongst them the utterly stupid Wage-Inflation spiral, one of RBA’s dogma (the more I read/learn about economists the more I am convinced they are inured to facts).
‘There hasn’t been a wage breakout since I was in primary school but do not worry – the RBA is still on the watch, ever on alert to raise interest rates in an effort to increase unemployment and lower wage growth.’
Source: Greg Jericho in The Guardian
https://www.theguardian.com/business/grogonomics/2026/feb/18/real-wages-fall-australia-workers-economy
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