It’s covered by the article I posted. The rapid increase
Posted on: June 10, 2024 at 18:36:16 CT
TigerMatt STL
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In the money supply led to increased consumer spending. This resulted in not having enough jobs to meet the demand, driving up wages. Fast food jobs here were going for $16/hr, well above Missouri’s minimum wage laws due to lack of employees. Increased costs on businesses resulted in increased costs for the consumer.