2bit_pointer
Re:Federal Reserve Now Projects Rate Increases in 2023 as Economy Heals
on Wednesday June 16, 2021 @04:03PM (#27532846)
> while inflation means you get large raises
Wages haven’t kept pace with inflation in the US for some time.
https://www.pewresearch.org/fact-tank/2018/08/07/for-most-us...
They’re only starting to rise because of labor pool constraints from the pandemic. Inflation would be very bad for most low to median wage workers, especially those in urban center where housing crises are rampant, especially if business interests continue to succeed at putting downward pressure on them by blocking things like minimum wage hikes.