Don’t try to tell me my wages are sharply increasing either, because they’re not! Nor are my friends, family, or neighbors.
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Inflation. The government giving people stimulus money along with less things being made during pandemic. Prices are based on supply and demand. Demand remain about the same or went up while supply went down. Because there are less things, we are “willing” to pay more.
Say I have 2 oranges and you have 2 apples. We are willing to trade 1 for 1. What if I have 100 oranges and you only have 2 apples. You’d want more oranges for your 1 apple. Money is just a placeholder for value. There’s more money going around than good.
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