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Weekends: Inflation, Labor Upsurge, and Neoliberalism's Discontents w/ Richard Wolff

Jacobin Radio

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Why Is There an Inflation?

Inflation is a consequence of every inflation we've ever kept track of. When you have an inflation, you also produce disruptions of supply. The one thing we know about inflation is that wages almost never keep up with the inflation. This means damage has already been done to the workers because their wages don't go up to match the prices. No contest who's getting screwed here - but you have to tell a story. You have to push the blame somewhere else, lest it come to turns and rest on you.

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