>>66233
>But that explanation fails to explain current conditions: low inflation, low unemployment, and nonexistent wage increases
>low inflation
Does this guy make any distinction between inflation and inflation rate? Nor does he specify how much inflation is too much according to him.
>low unemployment
Employment by itself is meaningless without the conditions it's set in and he will not elaborate further. He either can't or doesn't want to.
>nonexistent wage increases
Wage increases WHERE? In what sector? How much is "nonexistent"? How am I supposed to argue against something that has no definition?
>Yet the UK flirted with deflation in 2015. Instead, of rising wages, we've got the lowest real wage growth rate in 40 years:
Where does he manage to connect those two exactly?
This is propaganda.