I'm convinced the extreme inflation post-COVID was caused by greedy companies realizing that many working-class families had managed to save and build a nest-egg during quarantine, and that they could jack up prices on necessities to bleed them all dry.
If inflation had been the result of wage growth increasing the price of labor, profit margins wouldn't have soared they way they did.
I'm convinced the extreme inflation post-COVID was caused by greedy companies realizing that many working-class families had managed to save and build a nest-egg during quarantine, and that they could jack up prices on necessities to bleed them all dry.
If inflation had been the result of wage growth increasing the price of labor, profit margins wouldn't have soared they way they did.