Most things have labor as 25% of the cost of making them. Meaning if they double your pay, they would have to raise the cost of products by 25% to cover that. You get twice the pay and pay 25% more.
Raising wages is inflationary, but not 1:1 like you suggest.
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Panuru
Nov 15, 2021 at 10:22AM EST in reply to
H-BOMB
Nov 14, 2021 at 06:49AM EST