
Why Isn't Inflation Falling? (EP.279)
Animal Spirits Podcast
00:00
Is It All About Wages?
Ben McBride tweeted the national average wage index increased to 60,000 575 in 2021 up 9% this is the largest percentage increase in wages since the early 80s as we keep saying It's all about wages. How many people have the ability to go in and negotiate higher wages from here? They've already negotiated higher wages because of everything that's happened. We don't know if prices keep going up. They're gonna keep demanding wage increases. In the last three years the bottom 50% has gained 2.4 trillion dollars That was more than the entire wealth they had by the end of 2019. And so I know that inflation is not great for people on the lower end of the
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