Yeah, the larger symptom is there is less money to go around after buying necessities. Inflation stings twice, cost savings on necessities will include shifting

Yeah, the larger symptom is there is less money to go around after buying necessities. Inflation stings twice, cost savings on necessities will include shifting purchases from less-efficient local businesses to more-efficient global mega corps. And the slice of income that goes to desires will shrink which also reduces spend on local businesses. So the local businesses get hurt from both ends. Their costs of inputs also rise, and the demand for the services decrease. The only businesses who can keep or lower prices and also pay more for labor are one's that have large profit margins. And then even if there's enough profit margin to survive the hair cut, that may lead to a situation where the business owner's time and effort could be better spent on other opportunities. So even profitable businesses may close if the owner thinks they could do better.