Comment by WalterBright
15 days ago
> wealth inequality has gotten so out of hand that people are forced to buy the cheaper products.
Other people having more money does not result in higher prices for the rest, i.e. it does not cause inflation.
For example, when I was a boy steak was a rare luxury. Today, a steak dinner costs less than a TV dinner or a bag of Doritos.
You don't think what other market participants can afford to pay matters when you are competing for the same finite source of labour?
That can't be a very good steak.
You're right, it's not a top cut. Still far better than a TV dinner.