12:07 AM - Lower standard of living
MSNBC has an article about the lower standard of living everyone is facing as a result of inflation. Duh.
It's interesting that the brought up people in the 70s wanted wage increases. I've been saying that for awhile, but most people still think it will get better for some reason. I don't see how. It's not like oil companies want prices too low. Car companies in the US do. GM was making a fortune selling SUVs.
Of course the problem with raising wages is that prices sometimes go up for that reason. We run a risk of that. However, I think people need to be able to pay their bills and buy gas and food. Right now, that is so difficult for some that they can't buy anything else.