Mereja.Forum

[teodroseIII]

In the past, increasing wages among workers played a significant part in the rise of inflation. As workers make more money, they tend to spend more money which leads to a surge in the Consumer Price Index (a formula that captures the price of goods and services) which ultimately leads to higher inflation. In this way, inflation was, in a way, a sign of a somewhat healthy, though overheating, economy. Nominal gains by workers meant reinvestment in America by way of heightened consumer demand.

Fourteen years of pillaging employees and small businesses to benefit multinational corporations and their billionaire owners turned that reality on its head. Inflation is now driven solely by “publicly owned” corporations engaging in price gouging and has nothing to do with growth in salaries. The incontrovertible truth is that the vast majority of workers have seen their wages either flatline or decline over the past two decades while the neo-aristocracy have seen their fortunes skyrocket ever since the “Great Recession”....continued...

READ FULL ARTICLE AT: https://fikre4va.com/fed-wolves-hiking- ... usinesses/