If you are an American worker who is finally getting a higher salary after decades of losing ground to inflation, there is something especially dispiriting about seeing your raise get completely me up by inflation that is increasing even faster.
Inflation Is Irrelevant If You Can’t Buy Anything Anyway
•
Inflation worries are pushing down approval ratings for President Biden and the Democrats. But this might be one of those cases of two wrongs making a right. Or maybe three. You can’t really spend extra money on higher prices if there’s no one around to sell you a product, or if the product is still stuck on a container ship somewhere.