The Fockin’ Fury @TheFockinFury - 8mo
Nah, inflation does erode un-invested wealth over the years, but it doesn’t evaporate the $30 in a poor person’s pocket faster than they can spend it. Poor people don’t earn enough to accumulate any wealth therefore inflation doesn’t make them poor. The issue is that too many jobs don’t pay living wages or provide adequate benefits. Yes, inflation does increase the cost of living over time so in that way it’s part of the problem. But imo the real problem is a distorted labor market.
