Inflation is cooling, yet many Americans are still living paycheck to paycheck
Inflation is cooling, yet many Americans are still living paycheck to paycheck
The rate of inflation has come down from pandemic era highs. But many Americans are still waiting to feel financial relief.
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Prices didn't go back down.
That’s deflation, and is actually really bad for society and the economy overall.
Honestly, more workers need to unionise and restore wages to where they should be (pegging back to rates in the 80s - 90s), minimum wage should be closer $25/hr.
If real wages continue to rise higher than CPI for blue/white collar workers, rather than the capital class - things would be a lot better overall.
Japan has had deflation for 25 years and the zombies haven't shown up yet. In fact it's a really nice place.
Turns out deflation isn't so horrible if it's only moderate, kind of like inflation.