/biz/ - Business & Finance

How is inflation not going to be insane in next couple years? Seems like everyone and their mom is making 6 figs now. Even usually low paid jobs like teachers and waitresses are making like $70k these days. People are getting bonuses left an right.

Food is kept cheap due to government subsidies and technological advancement. The government literally takes a computer made today and says its X% faster than one made last year and uses that as some sort of justification saying inflation is only 2%..

But rents and housing prices are inflating fast. And people are saying $15, 18, even a $20 minimum wage seems reasonable compared to $8-10 a few years ago. I mean think about yourself, you probably make much more money than you did a couple years ago but is your life any better off?