The higher wages have just started . Started with Target , Costco , Walmart and a few restaurants . Bank America now min $22 am hr. What does that mean ? I’m an air condition tech or Landscaper making $15 an hr . Screw that I’ll go work inside in air conditioning. I want $23 am hr min now .The paint contractor can find no workers at $15 so he must raise to $25 now to attract good workers . So he doesn’t care he’ll bid $2-$3 k higher on his bids . As I said it’s a vicious cycle were all raise there bids .
Stock prices skying cause little inflation . You know why ? Because a very small % of people own a lot of stock . It’s concentrated in the top 5% . So if Jeff bezos worth $10billion or $200 bil on paper means little . He never spends his incremental increase in wealth . But ssdi recipient Rufus who just got $3400 free Stimy spends it in hrs . It hits the economy immediately causing a crush for goods and services causing bottlenecks in the supply chain and skying prices .
Stock prices skying cause little inflation . You know why ? Because a very small % of people own a lot of stock . It’s concentrated in the top 5% . So if Jeff bezos worth $10billion or $200 bil on paper means little . He never spends his incremental increase in wealth . But ssdi recipient Rufus who just got $3400 free Stimy spends it in hrs . It hits the economy immediately causing a crush for goods and services causing bottlenecks in the supply chain and skying prices .
