alt Hacker News> Raising incomes to combat affordability problems is far better for everyone involved than lowering prices artificially.
This has been tried in many latam countries in the past 15-20years with Inflation expectations getting out of control as result
> Raising incomes to combat affordability problems is far better for everyone involved than lowering prices artificially.
This has been tried in many latam countries in the past 15-20years with Inflation expectations getting out of control as result
Well it's been "tried" essentially everywhere. Making sure wages rise on pace has been a policy position of essentially every liberal country on Earth for over a century.
To say it doesn't work using Latin American countries as an example, is like saying Russia already "tried" capitalism in the 90s. This kind of policy is so broad, widespread, and so often poorly implemented that it's impossible to use a single example as proof of ineffectiveness.
If you're looking for a positive example though, most people agree that the Scandinavian nations have done pretty well keeping wages on pace.
https://en.wikipedia.org/wiki/Flexicurity