Yeah. Because wages have remained stagnant, or even decreased relative to prices. Inflation is supposed to be a response to people making more money, but that never happened. So now we’re all just effectively poorer.
Inflation can happen for a bunch of reasons. It’s just always cited in arguments against raising wages. The proper answer to which is, prices went up last year anyways, why can’t prices go up a cent so I can have a dollar?
Yeah. Because wages have remained stagnant, or even decreased relative to prices. Inflation is supposed to be a response to people making more money, but that never happened. So now we’re all just effectively poorer.
Inflation can happen for a bunch of reasons. It’s just always cited in arguments against raising wages. The proper answer to which is, prices went up last year anyways, why can’t prices go up a cent so I can have a dollar?