Phillips curve

The Phillips curve is an economic concept showing an inverse relationship between unemployment and inflation, implying that lower unemployment comes with higher inflation. These claims critique it as misrepresenting an underlying conflict over profits versus unemployment as merely a trade-off between inflation and unemployment.

Claims that use this term

• The Phillips curve disguises a profits-versus-unemployment trade-off as an inflation-versus-unemployment one.
• The Phillips curve reframes a conflict over profits as one about inflation