Wouldn't that be a baseline value of a society? It makes me think that the price increases that are happening is simply a return to norms after we had like 50yrs of productivity increases w/o increasing wages -- meaning prices were actually suppressed.
I don't think that's the way it works in capitalism, unless it's part of the government's goals. Right now it isn't. The goal is to stop inflation, not make your or my life better. That was never the role of the Fed, that is for the legislature to decide with policy
Wouldn't that be a baseline value of a society? It makes me think that the price increases that are happening is simply a return to norms after we had like 50yrs of productivity increases w/o increasing wages -- meaning prices were actually suppressed.