What are the major contributors to loss of purchasing power?
I’ve seen many instances where lefties blame “greedy” corporations, “late stage capitalism”, and the mega-wealthy for the wage gap and loss of purchasing power. There may be some truth to that, but what are the major contributors to the loss of purchasing power of USA wages?
Thoughts on these, or others?:
Inflation from government budget deficits, overspending, fiat currency, etc. lowers purchasing power of the dollar.
Oversees labor and production, especially in manufacturing, are cheaper than US based production. (Cheaper labor should lower the cost of goods and services for the consumer, and could be attributed to the rise in standard of living for people living in emerging economies, but harmful to the wages of US based labor).
Collusion between corporations and government to create monopolies and barriers to entry for potential competitors.
Government regulations that inhibit a true capitalist system.
Respectful and thoughtful replies welcomed.
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