Doesn’t that make inflation worse?
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1) Prices are rising on raw materials from which goods are produced. Despite how it sounds in this thread, they don’t do this in a bubble. It’s not where material phenomenon starts or anything. It’s all part of larger patterns.
2) Yes, it makes inflation worse.
3) Wages haven’t gone up in keeping with inflation for decades. Rather, neoliberal economics suggests that trying to keep the work force as underpaid as possible correlates with curbing inflation. This way, prices can be raised while inflation is somewhat mitigated. People don’t tend to raise wages, not in line with the cost of living or inflation. From what is being said here, it would seem that the 2020 shutdown ended with people having tons of extra money that they spent, driving up prices. But most people couldn’t/didn’t work. This scenario is fictive. Bordering on victim blaming.
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