More immigration, more free money etc. means more people buying stuff they couldn’t afford before.
Artificially raising demand. Econ 101.
Looks like the young professionals’ daily cheap $8.75 lattes are a thing of the past.
Inflation: Too much money chasing too few goods.
Will people who don’t get the stimulus checks (all of us soon) and those who no longer get enhanced unemployment money (deadlines coming) stop spending due to necessity? Many of us don’t go to movie theaters and top rock concerts. I think Paul McCartney type nostalgia tours were many hundreds per ticket. Wealthy Boomers only.
When prices are sky high will we have another Woody Guthrie
and Grapes of Wrath shift to being penniless?