Macroeconomics is a bogus "science." The only school of economics that comes close to reality is the Austrian School.
In this particular case, the claim that rising salaries will hurt Indian economy is usual nonsense dished out by economists. They have inverted the cause and effect. The economy becoming stronger leads to better quality of life (in this case indicated by better salaries).
Among economists who won the Nobel Prize for their nonsense is Amartya Sen. He won it not for anything intelligent, but because his wife is Emma Rothschild of the powerful Rothschild family.
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DarkStorm,
Macroeconomics is a bogus "science." The only school of economics that comes close to reality is the Austrian School.
In this particular case, the claim that rising salaries will hurt Indian economy is usual nonsense dished out by economists. They have inverted the cause and effect. The economy becoming stronger leads to better quality of life (in this case indicated by better salaries).
Among economists who won the Nobel Prize for their nonsense is Amartya Sen. He won it not for anything intelligent, but because his wife is Emma Rothschild of the powerful Rothschild family.
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