Consumers actually increased their overall spending despite rising costs of inflation: AP (user search)
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  Consumers actually increased their overall spending despite rising costs of inflation: AP (search mode)
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Author Topic: Consumers actually increased their overall spending despite rising costs of inflation: AP  (Read 2150 times)
sting in the rafters
slimey56
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Korea, Democratic People's Republic of


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« on: May 25, 2022, 06:32:51 PM »

This won't be good for inflation (assuming it lasts, which it won't)

Yeah the problem is all that spending is being closed to retained earnings. In fact, it's one of the primary reasons corporate profits are continuing to outpace inflation, productivity, and wages. Same s____ happened after WWII, you can't spend blindly without external controls/procedures. Unionized workers will be (in theory) okay because that stuff is normally baked in to COLA adjustments, open-shop are boned though.
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