KevonLooney , 5 months ago

Inflation isn’t prices growing faster than wages, it’s just prices growing in general. Don’t let anyone tell you that gentle inflation is bad for poor people.

Debtors gain from inflation because they pay their fixed debts with currency worth less. When interest rates are low, refinance or borrow at low fixed rates. When inflation rises, your fixed debt costs go down in real terms.

If you want wages to increase, support a higher minimum wage.