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Psychologically, if prices go up, you think "oh no, inflation!" but when your wages rise concomitantly, you think "I worked hard; I deserve this raise for my great performance"

People think about prices in terms of macroeconomic factors, but their own income as the result of individual factors.

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not sure that everyone is getting a raise this year.

After a layoff, I'm making less in nominal terms (forget real terms) than I did in 2020. That said, I'm in a much happier position (sadly I think only for the time being) than I was after escaping a private-equity-created misery factory, so that's a plus at least.

^ Case in point: you discuss only your individual situation, not a word of this is about the macroeconomic environment driving your employers' decisions.

Oh, I think Private Equity is quite in control of a large portion of the macro economy, much to the horror of American workers.

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