After an extended period of gloom, Americans are starting to feel better about inflation and the economy — a trend that could sustain consumer spending, fuel economic growth and potentially a…
Lol. It’s not like like that inflation went away. It’s baked in. Until wages outpace inflation long enough to eat that lead back up. A good way to visualize it is as a race. Inflation gained a huge lead and wages going faster for one lap isn’t going to close that lead.
Right, but the headline isn’t as ridiculous as your original comment makes it out to be. Folks can easily interpret your comment as the article is trying to spin food prices being up 20%, and wages being up 2.5% as a good thing, when it’s not saying that. Things are getting better, but there’s a long way to go.
There’s been a long way to go since the 1970’s. And that’s exactly what they’re trying to spin. They want people to read the headline, feel okay, and then not understand the numbers.
Lol. It’s not like like that inflation went away. It’s baked in. Until wages outpace inflation long enough to eat that lead back up. A good way to visualize it is as a race. Inflation gained a huge lead and wages going faster for one lap isn’t going to close that lead.
Right, but the headline isn’t as ridiculous as your original comment makes it out to be. Folks can easily interpret your comment as the article is trying to spin food prices being up 20%, and wages being up 2.5% as a good thing, when it’s not saying that. Things are getting better, but there’s a long way to go.
There’s been a long way to go since the 1970’s. And that’s exactly what they’re trying to spin. They want people to read the headline, feel okay, and then not understand the numbers.