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

Its not going anywhere really, all prices have gone up. The store that buy the stuff they sell they have to pay more, the people they buy them from have to pay more.

Lets take a single apple as an example: the person that grows this apple has increased costs, rent, water, tools and machinery costs him more money, the truck that drives it to the store also costs more money because gas costs more, and now when you buy it in the store it costs more money.