Re: Keep the market spinning,
"As soon as a company pays its staff more it will go out of business in the UK"
That is a fallacy. If people are paid more, there is more money in circulation that will eventually feed back into the businesses, instead of trickle down, it's monsoon up. Where do you think the money in the system comes from? The 99% that are consumers, or the 1% that are hoarders?
"tariffs to get the price of goods up enough for the wages to rise accordingly"
US wages were already higher than here on average. The problems in the US are completely different to the problems we have here. We mostly export services to countries like the US. We've had wage and salary stagnation in the UK for nearly 20 years...what we're seeing now is the result of that stagnation. Had wages not stagnated, we wouldn't have such a fucked economy.
"which in turn would spark a price/wage inflationary cycle"
No it wouldn't, for two reasons. Firstly, increased money supply doesn't create increased demand for consumption linearly. There is only so much perishable stuff that can be consumed. Just because people have more income it does not necessarily mean they will demand more simply because they have more money...because...
Secondly, more money in the pockets of people that don't need to consume more can go towards other aspects of the economy...savings, assets, property, pensions, tax etc...you know, wealth producing mechanisms that contribute to narrowing the wealth gap and provide capital for expansion and growth.
For example, in your head, if everyone had more money...it would put more strain on everything (for example, lets say Cinemas, limited seating, limited number of cinemas, the only thing to do is put the price up right? Supply and demand!!), which is true, to an extent...but if more people had higher savings, bigger pensions, paid more tax, invested etc...there would be more available capital in the economy to just build more cinemas and assuage the demand...the price of a cinema ticket doesn't need to rise, it can remain the same...we just need to build more cinemas. Which creates more jobs...argh shit, but what about the infrastructure...power, roads, parking, building etc...well that's more jobs as well...with more salaries, wages, taxes, cashflow...it's the complete opposite of "trickle down" economics.
What we've seen in the last decade is a shrinking of supply...shops closing, high streets dying, infrastructure crumbling, jobs disappearing, wages stagnating...COVID, Putin etc etc all contributes, but it's not the cause because we had this decline going on long before any of this shit happened...it's been happening for nearly 20 years...the only difference now is people are finally fucking sick of it and can see it for what it is.
After the end of World War 2 there was money sloshing around everywhere and it led to one of the biggest economic booms and transfers of wealth the UK has ever seen...and probably will ever see...the money supply was off the chain...but it was in the hands of the "poor" not the "wealthy" and what we got was an explosion in infrastructure projects, building projects, new towns being built, motorways...everything got better...but you know what didn't happen at that time? Rampant fucking inflation.
If you believe that more money in the hands of the poor through higher wages and salaries is the root cause of inflation, your brainwashing by the elites is complete.