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Raising costs (wages) is the flip side of raising prices.
As well, controlling wages is the flip side of price control.
The flip side of each has opposite distorting affect on the signals the market needs to make the proper calculations of production and investment phases.
One flip side can produce overproduction, with ensuing drops in prices, loss of revenue and businesses going bankrupt. The other can produce underproduction, scarcity, and inflated prices, and loss of wage buying power.
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