I posit that part of the reason we (in the US) are in this current climate is because of active actual choice by the capital owning class toward profit over people, because sick and in-debt people will work for a little as possible.
I think prices will rise until corporations find it’s too expensive to find new labor when a lot of it can no longer work. Like a paperclip bending over and over.
It’s nothing exact, as it’s anecdotal and incipient thought, at best. We may be indeed saying similar things.
I think, though, that a nation state’s job, if it wants to exist at the gunpoint they all exist at, it should enforce a rule that corporations within critical for life industries (healthcare, housing, power, food, education, utility, etc), are not to provide profit, shareholder return (dividend/buyback), or other similar during times when they raise consumer prices greater than inflation or layoff any employees for financial reasons or have over a certain amount of employees on public funded support programs. (Welfare, etc.)
The corporation and its profit to the owners should come second to the consumer and the corporations labor force.
I think prices will rise until corporations find it’s too expensive to find new labor when a lot of it can no longer work. Like a paperclip bending over and over.