Today's USA Today pumped up inflation worries but devalued the currency of a new report showing strong wage growth.
Can't be because this is 6 days before an election, right?
At any rate, it seems even a liberal pundit cited in the cover story isn't falling for the Lou Dobbs lament that the halcyon days of the middle class are behind us:
“Looking back” with nostalgia “to a golden age of the middle class doesn’t wash,” the USA Today reporter wrote, citing Jason Furman of the liberal Center for Budget and Policy Priorities. “Overall health care is better now, for example, and far fewer people a generation ago expected to go to college,” Waggoner conceded.
In other words Americans are healthier and better educated than ever before and with those benefits comes some added costs. Far from rampant inflation, it’s a reasonable price to pay for the quality of living in the United States.