The real spending power of all wages has been stagnant for decades. Therefore, the wage growth over time is way under 2%. The monster corporations and their major owners income has obviously consumed all of the wage growth that was supposed to happen. People are so fed up with the Trickle Down Tax cuts for the rich nonsense, that they are demanding higher wages. This has the 1% spooked, so they asked the Fed to raise interest rates, advertise “inflation” and let everybody jack up their prices to push people to accept lower wages in order to survive.
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