Reply to Wage growth in the U.S. is skyrocketing

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[quote=Anonymous][quote=Anonymous]Wages are a small contributor to inflation. Our current inflation is being driven by corporate greed, not wage growth. Look at how many corporations posted RECORD BREAKING PROFITS while also jacking up prices. We have a corporate greed problem, not a problem with increasing wages, which have been stagnate for decades. [/quote]

Jesus Christ, please tell me you know nothing about economics without telling me you know nothing about economics.

Companies cannot cause MACRO level inflation across the board that we are seeing. Inflation that is the worst in 40 years.  That is caused by too much money printing, too much credit liquidity, and too much fiscal spending/stimulus.  The govt IS the cause of the inflation.  Companies have record profits *because* the govt has expanded the entire supply of money by 50% in about 1.5 years.  Companies have record profits *because* the govt handed multiple rounds of trillion dollar stimuluses.

It is utterly insane Democrats are dumb enough to blame individual corporations for macro level inflation. First Democrats told us it was transient. Then they blame supply chains. Next, the Dems blamed corporations.  Get a grip. It is caused by the govt, too much stimulus and lax monetary policy, and too much money that is making demand overheat.  It also manifests as wage price spirals, which are are incredibly sticky and hard to combat.  [/quote]

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