Gigabyte 041 - Dante's Journey
Wage inflation generally has an inverse relation to unemployment. When wages are inflated, there is a temporary rise in unemployment and then the rate of unemployment tends to shrink. Conversely, deflating wages will temporarily lower the unemployment rate before it begins to rise.
Thus, the pattern of a typical cycle traces out a counter-clockwise loop around the average relation between unemployment and inflation. When inflation is accelerating rapidly, generally unemployment rises, but when inflation increases at a slower pace the bump in unemployment will not be as pronounced. The same is true of the inverse.
In simpler terms, imagine a country's economy as a central point around which the rate of unemployment circles, chased by the relative value of money. It is important to keep the value of money carefully regulated to keep the wheel turning at a calm and measured pace. Like a spinning top, the whole system will quickly become unbalanced and could collapse without the careful oversight of a governing body.
On this ship money is worthless. What, then, could we consider our wages? What keeps this dreadful top revolving? Around what are we revolving? Or who?
[There's a shift as Batou leans back against the wall of Deck 02. He's staring up at the night sky. Feel free to drop by and talk to him if you'd like. He's more than a little drunk off the open cans of beer scattered by his legs.]
It seems to me we're revolving around Redd. Perhaps this is what the crew mean when they say he's a great man.
Thus, the pattern of a typical cycle traces out a counter-clockwise loop around the average relation between unemployment and inflation. When inflation is accelerating rapidly, generally unemployment rises, but when inflation increases at a slower pace the bump in unemployment will not be as pronounced. The same is true of the inverse.
In simpler terms, imagine a country's economy as a central point around which the rate of unemployment circles, chased by the relative value of money. It is important to keep the value of money carefully regulated to keep the wheel turning at a calm and measured pace. Like a spinning top, the whole system will quickly become unbalanced and could collapse without the careful oversight of a governing body.
On this ship money is worthless. What, then, could we consider our wages? What keeps this dreadful top revolving? Around what are we revolving? Or who?
[There's a shift as Batou leans back against the wall of Deck 02. He's staring up at the night sky. Feel free to drop by and talk to him if you'd like. He's more than a little drunk off the open cans of beer scattered by his legs.]
It seems to me we're revolving around Redd. Perhaps this is what the crew mean when they say he's a great man.