> with no accompanying increases in wages for most of the population
Take a look at the median US household income over the last 40 years.
https://en.wikipedia.org/wiki/Household_income_in_the_United...
Take a look at the median US household income over the last 40 years.
https://en.wikipedia.org/wiki/Household_income_in_the_United...
Median household income can mean two parents are working...
Take a look at inflation adjusted wage growth for a singular person over time.
https://www.google.com/amp/s/www.pewresearch.org/fact-tank/2...
Good catch.
So apparently the fed allowing inflation rates to increase is also paralleled by wage increases somehow? I'm guessing due to the stimulation of the economy by the inflation?