What is Cost-Push inflation?
Posted on: October 20, 2022 at 13:44:11 CT
Spanky KU
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Cost-push inflation is the increase of prices when the cost of wages and materials goes up. These costs are often passed down to consumers in the form of higher prices for those goods and services.
Cost-Push Inflation happened as a result of the following Dem policies:
1) Biden's ARP paying people to stay at home despite business being opened and thus driving up the cost to attract and retain employees
2) The Dem cities and states passing $15/hour (and higher) minimum wage laws.