Inflation’s Wild Ride
www.nytimes.com
As the presidential election approaches, politicians are focused on who is to blame for price increases. How did we get here?

Price increases have slowed, but getting used to new price levels could take time for consumers.

  • WraithGear@lemmy.worldEnglish
    1·
    5 months ago

    I suppose you have a point, i may be confused with minimum wage, and my personal experience. The price hike on all goods seems to be independent from median wage

    • silence7@slrpnk.netOP
      1·
      5 months ago

      Yes, the federal minimum wage hasn’t risen; that’s static and requires an act of congress to change. What happened is that the pandemic also gave a lot of people negotiating power, so the wages most people earn went up more than prices.