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<blockquote data-quote="vantexan" data-source="post: 5742581" data-attributes="member: 24302">High money printing drove inflation.&nbsp; What your graph doesn&#039;t say is wage increases were disproportionately higher among high earners.&nbsp; Low wage earners didn&#039;t benefit nearly as much.&nbsp; Very little.&nbsp; And have to work more now to keep up.Another aspect of that is during the Trump years due to tax cuts businesses boomed.&nbsp; Were growing to take advantage of being able to keep more.&nbsp; With the growth that increased hiring and competition for employees which led to wage growth.&nbsp; But we were talking about wage growth in the current economy.&nbsp; The employers have to charge more to cover their costs.&nbsp; This leads to paying higher wages so that their employees don&#039;t jump ship to another company for a little bit more.&nbsp; We&#039;re nowhere near where employees are getting wealthier because of higher wages.&nbsp; Families have much higher costs and less disposable income under Biden.&nbsp; We can spin any way we like but that&#039;s the cold hard truth.</blockquote>

[QUOTE="vantexan, post: 5742581, member: 24302"] High money printing drove inflation. What your graph doesn't say is wage increases were disproportionately higher among high earners. Low wage earners didn't benefit nearly as much. Very little. And have to work more now to keep up. Another aspect of that is during the Trump years due to tax cuts businesses boomed. Were growing to take advantage of being able to keep more. With the growth that increased hiring and competition for employees which led to wage growth. But we were talking about wage growth in the current economy. The employers have to charge more to cover their costs. This leads to paying higher wages so that their employees don't jump ship to another company for a little bit more. We're nowhere near where employees are getting wealthier because of higher wages. Families have much higher costs and less disposable income under Biden. We can spin any way we like but that's the cold hard truth. [/QUOTE]

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