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The Biden Recession Thread
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<blockquote data-quote="Up In Smoke" data-source="post: 5792558" data-attributes="member: 79702"><p>Wages drive inflation also. The median hourly wage has increased more than 50% since 2019. Not to mention the cost of benefits that employers must pass to consumers to stay in business. The cost of capital has gone up with the rate hikes. Companies that can't fund their own expansion or retooling must borrow to build their businesses. Once wages stabilize, inflation will settle back into normal yearly ranges.</p></blockquote><p></p>
[QUOTE="Up In Smoke, post: 5792558, member: 79702"] Wages drive inflation also. The median hourly wage has increased more than 50% since 2019. Not to mention the cost of benefits that employers must pass to consumers to stay in business. The cost of capital has gone up with the rate hikes. Companies that can't fund their own expansion or retooling must borrow to build their businesses. Once wages stabilize, inflation will settle back into normal yearly ranges. [/QUOTE]
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