> Supply and demand does not allow for unbounded rises in prices because demand is never infinite. Rather, prices go up to the highest amount demand will allow for.
Generally, yes, but it's not an absolute.
Each time an employee is poached for more money, that person has more money to spend; done frequently enough, this will increase the velocity of money and cause general inflation or even hyper-inflation.
I'm only speaking hypothetically because folks are talking about 0% unemployment.
Generally, yes, but it's not an absolute.
Each time an employee is poached for more money, that person has more money to spend; done frequently enough, this will increase the velocity of money and cause general inflation or even hyper-inflation.
I'm only speaking hypothetically because folks are talking about 0% unemployment.