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Denying Inflation: Who, Why, and How?

Henry George warned that landowners might take a growing wedge of the national “pie”, or product. Labor’s wedge might grow absolutely, as the whole pie grows, but still fall as a fraction.
In our times, George’s grimmer scenario is coming true. Since about 1975, labor’s wedge of the pie is shrinking as an absolute. “Real” wage rates . . . → Read More: Denying Inflation: Who, Why, and How?