not exactly all time high again if you account for inflation. Inflation is basically theft to the lower classes since wages aren't increasing at the same rates.
The primary index for wages is "The sign on the McDonalds down the street". Starting wages at McD's down the street from me have gone from $15 to $23 in the last few years. That's beyond inflation generically.
Inflation rates are a great generic click bait - but nobody wants to drill down. The most noticeable day to day inflation has been eggs and butter. Both are experiencing *deflation* right now - egg prices are going down very rapidly. Funny when an avian flu causes prices to double, and because of those doubled prices, when the flu passes producers go nuts rebuilding flocks in order to grab that filthy lucre.
In most recent inflation data, the biggest issue is housing. For that you can point your finger in three places.
1) Jerome Powell for raising interest rates in order to drive down the price of eggs - because interest rates will really get that avian flu done
2) NIMBY's blocking housing production
3) Histrionics about THE BORDER!!! increasing labor costs for construction, especially in Florida which has an acute need because of mulltiple hurricanes. Fastest housing inflation in the nation.
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