“If the price goes up a bit (even if their wages more than match it) the price increase just feels like a random, unfair, morale-reducing loss. ” I do agree that some people will perceive this as a loss even if they have more purchasing power at the end. However, if average prices go up by say 5% and average wages go up by 6%, there will probably be a fair number of people who’s wages went up less then the prices they were paying (normal distribution curves being what they).
“If the price goes up a bit (even if their wages more than match it) the price increase just feels like a random, unfair, morale-reducing loss. ” I do agree that some people will perceive this as a loss even if they have more purchasing power at the end. However, if average prices go up by say 5% and average wages go up by 6%, there will probably be a fair number of people who’s wages went up less then the prices they were paying (normal distribution curves being what they).