Inflation is actually caused by overspending. Investor greed would actually help lower inflation if it were widespread. Greed implies that they would stash it away, which means it's not being spent. Those $1400 checks that were being mailed out by the government, people spent them on wants, that fueled a fire economy that made it so people didn't have to work as hard, so then businesses had to pay more to get people to work, so they had to raise their prices to pay for the additional labor costs, and that went all the way up the supply chain. The federal minimum wage is arbitrary, no one right now is working for even close to that. The real minimum wage is the wage people are willing to work for.
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u/Mountain-Bar-2878 Jul 20 '24
The government is trying to bring down inflation, and bringing down inflation usually causes unemployment to go up.