Cenk Uygur
@TheYoungTurks·6.5M subscribers·72.8K videos
Proof 'Inflation' Was A BS Excuse For Big Business To Price Gouge
Posted
June 1, 2023
Views
155,018
Likes
5,462
Comments
1,378
Engagement
4.41%
June 1, 2023
155,018
5,462
1,378
4.41%
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9:42Now PlayingOne thing that was NOT a driver of inflation was wage growth, according to Federal Reserve Bank of San Francisco. Ana Kasparian discusses on The Young Turks.
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"Rapid wage growth has not been an important driver of inflation, according to a new analysis published by the Federal Reserve Bank of San Francisco.
The recent run-up in the employment cost index, a measure of wages favored among economists and policymakers, “explains only about 0.1 percentage point” of the three percentage-point increase in consumer price inflation excluding food and energy, San Francisco Fed economist Adam Shapiro said in an article published Tuesday on the bank’s website."
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