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Reply to "Where exactly does all the inflation money go?"
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[quote=Anonymous][quote=Anonymous]It is terrifying that people don’t understand this. It goes nowhere. Literally everyone got more money, [b]approximately the same amount (in percentage)[/b] and at approximately the same time. But, not exactly the same percentage and not exactly at the same time. And this is why it feels like inflation is hurting you. In the end of the day it all evens out (approximately). If you locked in asset acquisition in the beginning you will do well. If you acquired at the end, you don’t do poorly, you just miss the gain. Virtually everyone who owned a house when the pandemic began will be better off when the inflation subsides. [/quote] If you look at the data exec comp generally went up low to mid double digits and line worker pay went up in low to mid single digits. It definitely was not an equal percentage.[/quote]
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