Google won’t raise employee pay to match inflation

The Wall Street Journal

Why Do Prices Keep Going Up and What’s the Cause of Inflation?

Consumers are seeing prices rise sharply for a variety of goods and services because of persistent supply and labor shortages and strong demand. Stoked by imbalances in the economy created by the Covid-19 pandemic, inflation is one of the most vexing problems facing economists and government policy makers—from Federal Reserve officials, who set interest rates, to the Biden administration and Congress. WSJ’s Peter Landers goes shopping in Tokyo to explain why flat prices, though good for your wallet, can be a sign of a slow-growing economy.