Depends. I'm pretty sure you accept Ummmm and pickle's
Posted on: July 18, 2024 at 08:48:28 CT
90Tiger STL
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correct definition that inflation is an increase in the money supply.
by that definition, I don't think hiring domestically at higher wages implies inflation. It may imply higher prices, but not inflation.
As another poster mentioned, what is the real total cost of cheap, unskilled (foreign) labor to an economy?