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Old 11-26-2021, 02:51 PM
tvbound tvbound is offline
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While predicted that inflation would occur after the worst of the pandemic had passed, it's a shame that those on the lower part of the economic ladder are seeing their increased gains in wages being eroded by it.

https://www.washingtonpost.com/busin...rkers-october/

While there are some levers that can be pulled by those in charge to try and help, there are a lot (such as the world price of crude), that no single person (regardless of their position) - can meaningfully affect. Right now, there is also an effort being made by corporations to try and make up for lost profits since the pandemic started. Ironically, for the +-52% of Americans that own stock in one form or another (individually/mutual funds/pensions/Etc.), the steady rise in stock prices outweigh the cost of inflation. Once again, it is those who don't own stocks - that are being hit the hardest.