As prices for groceries, clothing and electronics have gone up in the U.S., similar costs in Japan have stayed low. WSJ’s Peter Landers goes shopping in Tokyo to explain why steady prices, though good for your wallet, can be a sign of a slow-growing economy. Photo: Richard B. Levine/Zuma Press; Kim Kyung Hoon/Reuters
“People frequently say [restaurant and catering workers] are low-price people. Well, our base pay is now $30 an hour for wait staff and we still can’t fill positions,” he said. “This is going to be an ongoing problem. If we want to have the quality staff for the kinds of events that we do, we know we need to pay for it or we aren’t going to get them.”
Demand for autos, furniture and other goods has boomed during the pandemic, straining supply chains and fueling much of the inflation surge. The most prominent example is a shortage of semiconductors that has hamstrung auto production, sending prices for cars and trucks soaring. Economists also expect price pressures from supply constraints to be replaced by higher rent and medical-care costs that tend to be more persistent. Rent, which accounts for nearly one-third of the CPI, has begun accelerating in recent months.
This administration is going to make us a third world nation.
incompetence of politicians(Dem)
Panic. There are no empty store shelves where I live. The pandemic seems to be causing a rise in prices. The economy is strong. My company had a banner year and I’ve never done better. The goal would be for everyone to be able to say that.
Ronny in office…….
Mark my words. The rich will blame the working poor for inflation. They will blame $15/hr fast-food workers. Please explain how people with zero wealth cause inflation? It is not possible. MACRO-ECONOMIC PROBLEMS ARE CAUSED BY THE RICH. TaxTheRich
Wait a minute. Bare shelves is a myth. That is what AOC and other politicians are telling me. Where did you find this picture?
Thanks Joe , potus keep up the good work wrecking the poor and middle class in America, guess that’s what you were elected to do…..
Where's this story, Best Economy since the 1960s? Thank You Mr. President Biden
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