Question
The rise or fall of wages is common to all states of society, whether it be the stationary, the advancing, or the retrograde state. --
"The rise or fall of wages is common to all states of society, whether it be the stationary, the advancing, or the retrograde state." -- David Ricardo
How are we experiencing this today?
Even some economists believe that WAGES = PRICES and become transformed over time into INFLATION.
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Macroeconomics Principles and Applications
Authors: Robert E. Hall, Marc Lieberman
6th edition
1111822352, 1111822354, 9781133708742 , 978-1111822354
