[simple-thoughts]

Most hacker news people aren’t experiencing any positive effects from inflation, since the tech industry is fundamentally about future growth rather than present income. Higher interest rates means less funding for ventures.

According to the economic stats, the average US worker is receiving raises that are slightly above cpi. Most workers aren’t professionals whether in tech or not.

The current situation is monetary deflation but price inflation. The same amount of money will buy more of the long term hard assets, but less consumer goods. That weirdness is due to government policy; large deficits on the one side drive up demand for consumer goods, and industrial policy constricts supply of consumer goods on the other side. Then in order to reduce the impact of these policies, the federal reserve constricts the money supply causing monetary deflation. So there’s less money, but prices are higher anyway.

Of course since there’s less money available for long term investments, at some point in the future the price inflation will worsen due to a reduced supply of consumer goods unless there’s countervailing effects.