Not this Sh%$ Again

Another day, another hack suggesting that the inflation problem is being caused by workers getting their first raise in decades.

Wages have increased at less than the rate of inflation, though the wages in the bottom ⅓ have outpaced inflation, so they are not the proximate cause of inflation.

It started with supply chain issues driven by Covid, and now, in our increasingly concentrated economy, we have massive greedflation from oligopolies who are raising prices because they have no meaningful competition.

Of course the real problem is workers getting paid better.

All it took was about ¾ million workers dead, another ¾ million workers having retired because they are sick of this sh%$, and about 3 million workers disabled by long Covid.

Clearly the Fed needs to create misery to keep ordinary folk from acting uppity.

F%$# that.