Wage Inflation and Whimsical DNA

This chapter explores the dynamics between wage inflation and price inflation, particularly in the US and UK, revealing how wage growth is a lagging indicator rather than a direct cause of inflation. It further discusses historical wage price spirals while humorously juxtaposing this serious economic topic with innovative business ideas involving celebrity DNA and extinct species like the woolly mammoth. The chapter highlights the fascinating efforts of startups aiming to revolutionize the food industry with lab-grown meat products utilizing ancient genetic material.