How is it that inflation can affect everything EXCEPT wages?

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How is it that inflation can affect everything EXCEPT wages?

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Anonymous 0 Comments

To answer this, ask how other things rise in price.

Milk at your local grocer doesnt just magically raise in price when Jerome Powell announces inflation numbers. That inflation number is /after/ the grocer and dairy farmer have already raised them.

The dairy farmer or grocer made a conscious decision, just like employees need to make a conscious decision to go ask for raises to keep up with inflation. Employers, just like customers at a grocery store, arent going to just fork over extra cash without being told they /HAVE/ to.

So employees of the world, go make your case. Employers arent going to hand it to you on a silver platter.

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