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World Bank: > High inflation tends to lower the share of the bottom quintile and the real minimum wage -and tends to increase povertyL Just look at what its l

• helen___keller 5y ago
  Thanks for sharing! Another commenter mentioned that labor shortages on the low end might be related to stimulus payments and pandemic unemployment payments - if so then I suppose what we'd expect is that if inflation remains high over the next year as we go without stimulus and pandemic unemployment payments, any labor shortages (and corresponding boost in wages) will quickly end, and we will proceed to observe the cited effect - that the remaining inflation hits the poor the hardest.
• bart_spoon 5y ago
  It's important to note that that's "high" inflation, not inflation period. Low inflation also has a negative impact on the poor, while benefiting the wealthy, and for many years at this point inflation has been considered quite low. It is likely a major factor on the increase in inequality seen over the same time frame.