> The Fed operates according to the interests of the wealthy. That may me true (FWIW I think the Fed acts in the Fed's own and the US Government's interests).

> The Fed operates according to the interests of the wealthy. That may me true (FWIW I think the Fed acts in the Fed's own and the US Government's interests). However, mainstream macroeconomics posits something called "demand-pull" inflation.[0] The symptoms of demand-pull inflation apply to the labor market, and look kind of like what we see today. I don't really believe in that myself, but the vast majority of professional economists do. [0] https://seekingalpha.com/article/4488432-demand-pull-inflation https://seekingalpha.com/article/4488432-demand-pull-inflati...