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

Fewer goods are being sold due to shortages and delays in mining, distribution, and production.

So while you spend more per item, on the whole, there are fewer items being produced and sold.

Wages are also absolutely rising, despite you anecdotes
https://apnews.com/article/business-wages-salaries-increase-8ce98ea3bcc14c4810eb5a1111e1df49

Some companies are finding that scarcity works in their favor, and are reaping greater overall profit, but they are hoarding the cash as most are expecting price increases to continue to ripple through supply chains as companies realize what the new costs are. It takes time.