Inflation figures are meaningless without taking into account wages. The cost of goods usually goes up over time. But, unless wages also rise - as they should....
And they are not meaningless, they still matter, there's just more to consider.
It's called "the cost of living." And as you know, it's different in different parts of the country, state by state, city by city, etc.
The cost of goods usually goes up over time. But, unless wages also rise - as they should - the cost of goods can be spun by politicians and pundits into taking on the false appearance of inflation running rampant. When part of what's happening is that greed at the top is holding wages down while keep more for themselves.
The inflation we experienced was real and was running rampant.
Your saying what the Biden/Kamala Harris admin kept telling saying. Telling the people it wasn't as bad as we thought and it was greedy companies causing it.
Under Biden, inflation hit it's peak in June 2022, @ 9.1%, highest in over 40 years. And they had to jack the interest rates up to their, Fed, target range of 5.25% to 5.50% by mid-2023.
This marked the highest interest rates since the 2008 financial crisis. Mortgage rates also surged, peaking around 7% for 30-year fixed loans in late 2022.
Because of this, in large part, people can't buy a house, still. And builders can't barrow to build because of high interest rates, big problem.
All of this is inflation running rampant.
When part of what's happening is that greed at the top is holding wages down while keep more for themselves.
Behind all the smoke and mirrors and red herrings, it really does come down to one thing for most working people: wages.
It's not greed, it's the economy and supply and demand, too many workers, because of the Biden/Harris admin. policies. They screwed up the economy and their blaming everyone/anything else as what caused it. American people didn't believe them, Kamala lost.
To get wages to go up you have to have more jobs than workers. Was starting to happen under Trump.
If you can't get workers, you have to raise the salary your offering to attract applicants. Simple as that, supply and demand. The Biden admin. has let in ~20 million at the border and that's those they know about, doesn't include the 'got aways'.
Too many workers now for wages to go up. Some/many say the major companies worked on/lobbied/donated big money to the Biden/Harris/Dems to open up the borders for cheap labor.
Seems pretty clear that happened. Corporation's get what they want and some day the Dem's think they'll get all those new voters. Win, win for them but is devastating the country.
... most of us will have to adjust to living with less stuff since American-made things will cost more. ..... That has fooled a lot of people into thinking that they actually do earn enough to buy lots of stuff.
We should be making things here, ...
Not necessarily. It's not automatic.
If we start making things here again, that means new jobs, that means money to afford new American made things. That is if we can get many of the new illegal migrants back out of the country.
And if the American made things are quility they will last much longer and we wont have to re-buy the same thing every 2 or 3 or 4 or 5 years. Like it used to be.