With sharp increases to the price of goods and services, where’s all this extra money I’m spending going?

Question

Don’t try to tell me my wages are sharply increasing either, because they’re not! Nor are my friends, family, or neighbors.

In: 113

Answer 1

Some of it is eventually going to people who found a way to extract a profit from pandemic-related supply, certainly. But when prices rise across the board, the people you pay that money to are themselves paying more for everything. That’s just how inflation do–everything gets more expensive for everybody.