The age of pervasive global inflation has started. The global supply shock has led to rising prices everywhere. In addition, the lack of incentive to work as a truck driver etc. in some countries due to free checks has led to wage-push inflation and cost-push inflation.
We might soon get a $25 minimum wage which can end up buying just one fast food burger.
We might soon get a $25 minimum wage which can end up buying just one fast food burger.
https://en.wikipedia.org/wiki/Supply_shock
https://en.wikipedia.org/wiki/Cost-push_inflation
https://www.investopedia.com/terms/w/wage-push-inflation.asp....