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Is everyone pretending to understand inflation (or just me)?
Mark Blyth
So then they start to say to themselves, well, I'm going to have to get a higher wage because everything's gone up. So they go to the employer and say, give me a higher wage. And the employer says, no, because I'm dealing with higher prices. And they said, well, fine. We'll go on strike. Now, remember, this is the 70s. 25% of people were in unions at that point in time.
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