“The reason you are not seeing inflation is the real unemployment rate is higher than what’s been reported.”
That is part of it, the other part is that inflation is higher than what is being reported. We need at least two different inflation calculations, one being the increase for those who have a very comfortable income and spend much of it on things which are not necessary, that inflation rate would be low. The other should be for those who have to watch every penny and hope they can cover necessities, that rate would be far higher.
Everywhere I go I see help wanted signs