I think what keeps inflation in check is that we no longer manufacture most things locally, and things which are made locally are heavily automated, so wages ar

I think what keeps inflation in check is that we no longer manufacture most things locally, and things which are made locally are heavily automated, so wages aren’t the primary driver of their costs. So incomes are largely decoupled from the prices of consumer goods. Housing and other assets, on the other hand, have been exploding.