Affordability and an Abundance Agenda for Health Care

Photo by Hush Naidoo Jade Photography

One of the things that should bother economists more than it seems to is the loud chorus of complaints about affordability. Since wage growth has consistently outpaced inflation for the last several years, especially for the lowest paid workers under Biden, it seemed things should be getting more affordable, not less.

I have seen the rejoinder that people are not paying attention to rising prices, the rate of inflation, they are upset that prices are high.