The so-called “wage-price spiral” is bad economics not materialist analysis. It has been used by capitalists to justify not raising wages since Marx’s time. Marx literally wrote Wages, Prices, and Profits to refute it and he further elaborates on these ideas in Capital Vol 2. Modern economists carry water for the capitalists in every argument they make. They literally invented neo-classical economics to refute Marx for being CORRECT. If the tea-leaf readers and bone throwers of the capitalist class are telling you its bad, it means its bad for capitalists NOT workers. Surprised to see anyone on here regurgitate capitalist propaganda let alone someone who has so much knowledge of theory.
The so-called “wage-price spiral” is bad economics not materialist analysis. It has been used by capitalists to justify not raising wages since Marx’s time. Marx literally wrote Wages, Prices, and Profits to refute it and he further elaborates on these ideas in Capital Vol 2. Modern economists carry water for the capitalists in every argument they make. They literally invented neo-classical economics to refute Marx for being CORRECT. If the tea-leaf readers and bone throwers of the capitalist class are telling you its bad, it means its bad for capitalists NOT workers. Surprised to see anyone on here regurgitate capitalist propaganda let alone someone who has so much knowledge of theory.