How is it that inflation can affect everything EXCEPT wages?
In: 143
Despite what you see in the headlines, what’s happening right now is *not* inflation by the standard definition. Wages and median income by and large are not increasing at the pace of cost of living.
This is profiteering and price gouging, pure and simple.
Example: the last time US gas prices were this high, oil was ~$185/barrel. That was 2008. Oil is ~$95/barrel right now.
We’re getting fucked to keep corporate profits high and the stock indices pointed up.
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