Compensating for relative lower income with low cost of consumer products is a bit like pissing your pants to get warm. The underlying issue is declining wages, caused by the loss of labor power. If people had decent wages a rise in prices would not be a problem. But while scraping by a rise in prices is a huge problem.
Facts. But the other side of that is the massively unequal tax burden. Tax corporations and wealthy proportionally to their reported net worth and use that to fund substantial public services (healthcare, transportation, education, childcare) so that rising wages aren’t just funneled back into the same pockets.
Compensating for relative lower income with low cost of consumer products is a bit like pissing your pants to get warm. The underlying issue is declining wages, caused by the loss of labor power. If people had decent wages a rise in prices would not be a problem. But while scraping by a rise in prices is a huge problem.
Facts. But the other side of that is the massively unequal tax burden. Tax corporations and wealthy proportionally to their reported net worth and use that to fund substantial public services (healthcare, transportation, education, childcare) so that rising wages aren’t just funneled back into the same pockets.