> And yet wages have not been keeping up with inflation, Hmm. Over the last year, real wages declined by about 1%, but that's the inevitable result of our covi

> And yet wages have not been keeping up with inflation, Hmm. Over the last year, real wages declined by about 1%, but that's the inevitable result of our covid policies. Look, you tell a bunch of people to stay home and not work, so that means there aren't going to be as many real goods and services produced. Now the government chose a (reasonable) policy of mailing out checks to people, which does keep them employed, but it just means prices will go up, since at the end of the day real wages do need to fall if people are not producing as much as they used to. There is no way getting around that. People complain about the inflation but they don't really understand the alternatives. But I think the covid stuff is special, and you need to be careful of using the last two years in a benchmark when talking about long term trends. Long term, real wages have been increasing, and it's just false to say that they haven't: https://fred.stlouisfed.org/series/LES1252881600Q https://fred.stlouisfed.org/series/LES1252881600Q > because this is all in servitude to wasteful diversity in consumer goods, setting lower prices (that only in some categories offset inflation) and a lot of bullshit jobs. These are some pretty bold claims that require some statistical evidence to support. Unfortunately everyone has a lot of strong opinions about the economy, but very few are willing to invest the time into testing their hypotheses, or even doing something like a basic cross country analysis.