@LouisIngenthron inflation creates winners and losers. there’s no guarantee wages match inflation, but often over time and on averge they do, real wages eventually rise. but that average hides that some workers have bargaining power to gain raises that match or exceed inflation, while those with less bargaining power take tacit pay cuts. inflation launders various kinds of redistributions, for good and for ill. it annoys everyone, as celebrated raises just tread water, which disappoints.