a question about inflation, wages and the cost of living

I have a question about inflation, wages and the cost of living. If this is your area, please comment below or drop some links to research and resources I can look at for this essay I’m developing about employment culture.

It’s pretty simple really, once I put it on paper, but I need some help understanding whether I’m on the right track here.

So, if wages were to keep up with inflation, wouldn’t the cost of living just continue to sky-rocket?

Increased remuneration for those who make the things we need for living means those things would be more expensive to cover the cost of increased wages.

Does this mean we’re in a proper actual bind? Because I mean, a lot of us need just a little bit more to make ends meet, but that little bit more for each adds up to a lot over-all. How do we increase wages to meet the real costs of living without increasing the cost of living by doing so?

Are we in this bind because we’re actually running out of resources and therefore the cost of things needs to be increasingly high, or because those resources are being shored up by those who already have the power to with-hold and create a false sense of scarcity?

Are the 1% profiting from this scheme we call an economy, or is there just a major systemic problem in the coding of our economic ideology?

So, many, questions. But the main one is this:

If wages were to keep up with inflation, wouldn’t the cost of living just continue to sky-rocket?

Advertisement

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.