It was and is still organic. We had supply chain issues, coupled with printing of trillions of new dollars. It's impossible to not have inflation when you print trillions of dollars and inject them into the economy in a very short period of time. That's the trade off. Everybody with a brain know this. What we see presently is wage pressure driving inflation concerns moving forward. As long as the labor market remains overheated, there will be wage pressures, which obviously leads to inflation. In the most ideal scenario, the Fed wants to see an unemployment rate of at least 4%. Any lower and they're going to fret about inflation and it's not misplaced.
Start with reality. Do they know how reality works? Obviously not. He could have PhD in mathematics, but if he lives in a bubble, he won't understand reality.
I don't have a PhD in math, but I know how to calculate the percentage increase between 951 and 1107. Do you?
Yep, Can you do the difference and then calculate that out over a year? I know it's complicated. Sorry, I know the numbers get big.
You can't just look at the increase in wages or the increase in prices by themselves. You have to look at both and then compare the differences. That's why we calculate percentages. Can you calculate a percentage?
Nope. And yes I can calculate a percentage. Can you do simple math like I asked? You can trot out every percentage in the world but real world numbers say people aren't better off. Simple as that. When will you admit that?
Oh good. Since you can calculate percentages, by what percentage have prices increased in the last 2 years?
Are you not good at doing percentages? If you want to know it so bad do it yourself. Better yet, maybe ask ChatGPT, i'm sure they can do it for you. I guess if I were you i'd try to make it not seem like inflation is this high as well. Oh well, tough luck. Get back to me when you admit that wages didn't rise higher than the $8,500 increase over the last 2 years.
I've done it myself. Using our standard measure of inflation, CPI, prices have increased by 12% over the last 2 years (July 2021 to July 2023). Do you agree with that? Check my work, since you say you know how to calculate percentages.
I posted an article showing how much prices actually are for people now versus 2 years ago. Up $8,500. Has real wages increased $8,500 in 2 years? Simple Yes/No answer.
Can you check my work and confirm that prices rose by 12% over the last 2 years? If you know how to calculate a percentage, you should be able to do it. It's real easy. I can walk you through it if you need me to.
So let the record state you didn't answer my question. Thanks for saying I'm right without saying it. Prices rose $8,500 in 2 years. You keep doing percentages over there LOL.
What is the baseline for the change of $8,500? If the $8,500 is the difference between what people spend now and what they spent 2 years ago, what are those 2 numbers? X-Y=8500. What is X and what is Y?
Here is the article. Zandi didn't put the baseline for the change. Take it up with the Dem Economist. Any number you try to pull out of your percentages won't be higher than the $8,500 people are paying from 2 years ago. Simple as that. Thanks for agreeing. Inflation forcing Americans to spend $709 more per month versus 2 years ago
Well what do you think the article is basing the $709 more per month now versus 2 years ago? What metric are they using to determine this?
