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Long before wages create affordability, they have to out pace inflation. It’s going to take a long period of wages slightly beating inflation for the public to be happy.
Or we could have another recession to make prices drop, but wages would lose ground to inflation when it returns.
Long before wages create affordability, they have to out pace inflation. It’s going to take a long period of wages slightly beating inflation for the public to be happy.
Or we could have another recession to make prices drop, but wages would lose ground to inflation when it returns.