[rapsey]

They are doing it with wage growth. Inflation is likely a result of high employment levels. There are more jobs than candidates.

Personally I believe it is due to the last of the boomers retiring. Economists/analysts are not used to thinking about demographics and they have a blind spot on this ever more important topic.

[rayiner]

Supermarket prices are up 25% since 2020: https://www.cbsnews.com/news/food-prices-grocery-inflation-b.... People’s wages are not 25% higher.

[renewiltord]

For the poor, nominal wages are much higher. Bottom quintile saw 20% higher wages. https://www.dallasfed.org/cd/communities/2022/0808

Bottom decile even higher

[hughesjj]

Awesome, wish they straight up outpaced it though

[rapsey]

More people are employed however.

[giantg2]

"They are doing it with wage growth. Inflation is likely a result of high employment levels. There are more jobs than candidates."

There is limited real wage growth and it is mostly concentrated at the bottom end.

There might be more jobs that "qualified" candidates. Companies are still being very picky. A lot of the jobs/employment numbers we are seeing are including more part-time or low wage positions than in the past.

The inflation is mostly because of the increase in money supply in my opinion. The economy is fragile enough that the Fed is talking about a rate drop soon despite inflafion.

[nxvk2]

More like credit growth inspite of high interest rates.

[rapsey]

You really think this is the primary cause not a side effect?

[dexwiz]

Are boomers retiring? Both of my parents are near the traditional retirement age but are planning on working for another decade. Even boomers who do retire often get part time jobs.

[yabbs]

They wish they could but they lost their shirts in 08-09 thinking their ATM, I mean houses, would continue to allow them to do nothing and get rich like it had for the prevuois 25 years.

Worst. Generation. Ever.

~disgruntled X