The clearest imaginable presentation between the present and the recent past: The Biden Inflation Tax, Made Clear in One Chart. And with the passage of the multi-trillion fiscal deficit it will only get much much worse. The question may also be asked why this chart is not everywhere to be found.
And to add a little detail to the story there is this. The shift down occurs just after Biden became President.
You mean, “why this chart is not ANYWHERE to be found”.
Pingback: Real wage death in the US plus inflation - The Rabbit Hole