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They made people believe that wages are somehow the only costs companies have. So when the wages rise with 14%, prices have to raise with 14% as well and the spiral begins. In reality, wages make up a much smaller part of a company than people think.
In Belgium most wages are tied to inflation, meaning a lot of people actually got a 10%+ increase of their wage last year. It’s not perfect, inflation is still high and cost of living is increasing a lot, but it helped Belgium get better out of the crises we faced. So much to the point even the neolib government officials said so.
I’m a bit lost. Where did Marx say this exactly?