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“The relationship of employment and inflation is a funny thing...
"Government’s stated goal in this respect is to maintain the economy at full employment. That has the benefit of keeping most citizens happy, while contributing tax to the general good. However, if everyone is in a job the only way a new or growing business can recruit additional staff is to poach from other organizations, usually by offering higher wages. That in turn feeds into inflation..."
Barrow, Colin. The 30 Day MBA: Your Fast Track Guide to Business Success (p. 235). Kogan Page. Kindle Edition.”
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"Government’s stated goal in this respect is to maintain the economy at full employment. That has the benefit of keeping most citizens happy, while contributing tax to the general good. However, if everyone is in a job the only way a new or growing business can recruit additional staff is to poach from other organizations, usually by offering higher wages. That in turn feeds into inflation..."
Barrow, Colin. The 30 Day MBA: Your Fast Track Guide to Business Success (p. 235). Kogan Page. Kindle Edition.”
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