Per the chart, the current single largest driver of higher prices (inflation) is corporate profit and management/executive pay.
Phew!! Thanks goodness. I thought you were going to say it was gas prices.
Or edibles…Hold on edibles are more expensive because of corporate profits?
The Millennials and Xers are taking a huge payday. It is overdue.
The boomers insisted on being tightwads for decades. Now prices are readjusting in essence.
This is terrible for the boomers who can not earn much more at this point as their assets in the marketplace are generally in decline.
Being cheap with most of America is now coming home to roost. Supply side econ was purposely bad for most non management Americans. Karmas going to get you.