May 20, 2022

1 thought on “Red-hot inflation gave most Americans a pay cut in January

  1. Who didn’t see this coming? Back when states started increasing minimum wages, most people knew it would be passed on to the consumers. Then the government started the printing presses and pumping hundreds of billions into the economy. Don’t think for a second that it will come back anytime soon, it’s something we will have to live with for years. It takes time to absorb all that money back into the system. But for pay raises that will be factored into the end product forever. The people making minimum wage will be no better off then before the increase.

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