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Proof 'Inflation' Was A BS Excuse For Big Business To Price Gouge

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One thing that was NOT a driver of inflation was wage growth, according to Federal Reserve Bank of San Francisco. Ana Kasparian discusses on The Young Turks. https://shoptyt.com/collections/justice-is-coming

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Read more HERE: https://fortune.com/2023/05/30/inflation-worker-pay-not-a-major-cause-fed-study/

"Rapid wage growth has not been an important driver of inflation, according to a new analysis published by the Federal Reserve Bank of San Francisco.

The recent run-up in the employment cost index, a measure of wages favored among economists and policymakers, “explains only about 0.1 percentage point” of the three percentage-point increase in consumer price inflation excluding food and energy, San Francisco Fed economist Adam Shapiro said in an article published Tuesday on the bank’s website."

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230531__TA05Inflation
Category
Europe
Tags
230531__TA05Inflation, News, Politics
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