Progressives just love the little guys, the lunchbucket Joes, yadayadayada, right?
The Center for Economic and Policy Research is a decidedly Progressive outfit. What do they have to say about inflation?
...The [Politico] "story" argued that declining wages were a good thing, because declining wages were a negative factor for inflation (that is, rising wages are inflationary), and so declining wages took pressure off the Fed to raise interest rates and possibly put the economy into recession....
That's the word from Dean Baker, expert at that Center.
So the Progressive Line is this: you will earn less, pay more, and like it!
Huh. Never thought of it that way.............
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