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Saturday, 08/06/2022 10:45:22 AM

Saturday, August 06, 2022 10:45:22 AM

Post# of 19219
I saw this article and it confirms to some extent that at least employee pay inflation is here and may be here for some time. Wage inflation isn't like falling gasoline prices that can move up or down fairly quickly. Wage inflation moves much more slowly and can take months or even years to fall. Housing/rent inflation is the same when it rises it most likely is going to stay elevated and not come down anytime soon. Demand for those things have to drop for the prices to fall. When people no longer can affortd to buy homes the demand for rental properties rise and so does the demand .

The housing market is/will fall (crash), but the rental market should boom because if you're not buying you have to rent. This is inflation that's not going away soon.either and keeps the inflation rate elevated. Employers have to pay their employees more so they can keep up with the cost of living inflation taking place.
Of course, we know the off the charts money printing is in large part what's caused these problems and the reason they'll stay around for awhile.

https://www.marketwatch.com/story/july-jobs-report-is-good-news-for-those-seeking-a-pay-raise-this-remains-one-of-the-strongest-job-markets-in-the-past-50-years-11659711236?mod=home-page