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12/21/2021 07:36:00 PM
If you think about it, inflation mostly hurts the relative value of investments, but doesn't hurt those who are earning wages (because wages go up when prices go up). With the tighter labor market post-covid, wages have gone up faster this year than they have in decades, and that's partially why we're seeing this slight increase in inflation. That's why Joe Manchin cares about it, because he's a wealthy capitalist so inflation and infrastructure spending hurts him.