Cost-push inflation occurs when overall prices increase (inflation) due to increases in the cost of wages and raw materials.
So Cost push inflation is the result of you getting a raise and your employer raising prices to cover the raise, only the employer raises prices more than enough to cover the raise.
So everyone gets a 10 percent raise but your employer raise prices 20 percent, so your raise means nothing… you are more broke now than before you got your raise…
You got a raise from your employer, and to manage the raise the employer produces less… especially if the raise is for an hourly employee… so now you make 30 dollars an hour but instead of working 40 hours a week, you are only working 30 hours a week…
So you are SCREWED if you got a raise!
Gasoline prices? Prices reflect demand that came back stronger than expected from the pandemic and lower U.S. oil production.
Oil companies are producing less. The Oil companies and America’s drivers are the cause of gasoline prices spiking… So you got a raise and your employer raised prices to cover your raise and the oil companies saw an opportunity to make more $$ and produce less…
And you keep complaining and voting Republican…
Here's A Thing... 