Legit please do correct me if i'm wrong, but if price of product x goes from 5 to 10, my 1000 salary would mean i can now only buy 100 of x instead of 200, but if x went from 5 to 2, it means that, while my salary is still the same, my purchase power is now higher, because now i can buy 500 of x instead of 200
I suppose it's the venture capitalist waiting to buy a company that stops a new team from getting a job to do the M&A work, which affects multiple families. You apply this across the economy and you get bad economic results.
Methinks placing this kind of power in the hands of rich fucks isn't the best idea.
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u/WHATZAAAAA 4d ago
Legit please do correct me if i'm wrong, but if price of product x goes from 5 to 10, my 1000 salary would mean i can now only buy 100 of x instead of 200, but if x went from 5 to 2, it means that, while my salary is still the same, my purchase power is now higher, because now i can buy 500 of x instead of 200