Inflation Falls Hardest on Low-Income Workers

The Left often speaks fondly of inflation, as opposed to austerity. They say it benefits the poor. They’re wrong. Dead wrong.

From the Washington Post:

Lower-income workers like Rodriguez have seen some of the fastest wage growth of the pandemic era. But those gains are being eroded by the highest inflation in 40 years, and Rodriguez’s paycheck doesn’t go as far as it used to. A mother of three, Rodriguez has to budget $200 a week for child care and $200 a month for the water bill. The pack of paper towels she buys went from $14 to $18.