Nor do I. General inflation is just too much money chasing too few good and services. “Inflation” in specific sectors of the economy is just the overall market

Nor do I. General inflation is just too much money chasing too few good and services. “Inflation” in specific sectors of the economy is just the overall market adjusting to new conditions. Discussing commodity inflation is useless. For example, if real worker’s wages decline, that indicates that the diminished utility of individual workers has outstripped their productivity increases. In other words, automation is replacing the workers themselves, instead of just assisting them.