The unfortunate reality is that in recent years wage increases result in higher prices, less hours for hourly employees, and fewer employees working.
Walk in to a McDonald’s now that they’re paying over $15 an hour. There are half the employees in the restaurant than there used to be. They got replaced with touchscreen kiosks.
Walmart, same thing, 2 lanes open and the rest is self checkout.
Inflation is most certainly not dropping. The rate that inflation is increasing is slowing. That's a huge difference.
Also the reported rate of inflation is very misleading considering it doesn't include housing, energy, or food costs, which just so happen to be sectors of the economy that experienced the most inflation.
Here’s a dilemma for you - if they can raise prices for us without any consequence why haven’t they done it alredy?