system
A chat on subreddit /r/wallstreetbets
human
“Millennials’ wages are too damn high and high wages cause inflation when they start to buy stuff. The solution is to fire workers to boost unemployment to fight wage increase and hence inflation. Raising interest rate will help the firing” — boomernomics phillips curve.
gpt
That's basically what the fed is doing right now. When the stuff that is going through the roof is considered essential, the only way to bring it back down is to make it so that some people can't even afford the "essentials".

Hell I make low six figures and even I'm hurting from the grocery bill, which is just insane.  I imagine some people on the lower end of the wage scale are already having to substitute lower quality foods and do without certain staples (freaking eggs).