[an_opabinia]

We could probably 10x the number of “handouts” as you call them, at least in the US, and nothing would change. We’ve auditioned it already: $4T in stimulus, the $600/wk employment checks, etc. What negative negative impact really did that have on an average person’s day to day life? “Handouts” made pay rise for the first time in decades.

Even the landlords. I don’t know any landlords who are on the street because of the rent forbearance and eviction moratorium - and I don’t even agree with those policies.

[saltdoo]

Rising inflation says otherwise. Worst effects may be yet to come.

[imtringued]

Inflation is bad for lenders (i.e. people keeping deposits in USD). People who work get paid based on their real value which means their pay rises if inflation rises. Of course it maybe difficult to get a raise for your current job but switching jobs will get you a raise that catches up to inflation.

Here is a chart: https://imgur.com/a/eOXF0UO

Note that there has been a shift in bargaining power since 1980 that is closing. That gap is not the result of inflation because inflation alone doesn't give employers bargaining power. If anything it increases bargaining power of employees vs the old job because the new job always pays more in nominal terms.

[KittenInABox]

I don't understand if we can say this inflation isn't just the surge of people who didn't spend a lot on travel/eating out/etc. now splurging on all the things + constraints on goods like cars due to the pandemic causing supply chain issues. It seems to me to me a relatively temporary, same as how the April 2020 market dip didn't really mean anything come April 2021.

[shkkmo]

And a great deal of that inflation is due to supply chain issues from the pandemic so it wasn't really an ideal experiment.

[an_opabinia]

The USA was a fine place to live, many people happily gainfully employed, many investment accounts booking gains, labor and capital coexisting in harmony, when inflation was double what it is now.