It also kinda glances over the fact that the boost of inflation is there permanently and this is the new baseline, and no wages have kept up to it at all while everyone is getting nickel and dimed to death.
100% this. It’s great that inflation is only 4% now, but the price of nearly everything doubled since 2019, and wages, particularly for middle class and upper middle class have not increased enough. And the modest wage increases for the poor were used to further justify the price increases. And prices never go down, because “deflation=bad”.
But, I will say that greedflation hit worldwide and the USA weathered it better than many other countries.
It also kinda glances over the fact that the boost of inflation is there permanently and this is the new baseline, and no wages have kept up to it at all while everyone is getting nickel and dimed to death.
100% this. It’s great that inflation is only 4% now, but the price of nearly everything doubled since 2019, and wages, particularly for middle class and upper middle class have not increased enough. And the modest wage increases for the poor were used to further justify the price increases. And prices never go down, because “deflation=bad”.
But, I will say that greedflation hit worldwide and the USA weathered it better than many other countries.