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This is what the Death of Cheap Labour Means / News of the Money-World #48

NZ Everyday Investor

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Inflation Is a Good Thing, Right?

I just can't wait for my kids to grow up a little bit more. As soon as they're of legal age, they're at 30 bucks an hour, man. And so fundamentally, I think it's a good thing, right? One of the things and from an economics perspective, look, it's going to be really painful for a significant portion of the population. That potentially it also writes a whole lot of these imbalances that have grown into our economy over not just the last three or four years, but probably over the last 15 years.

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