Groceries have gotten crazy expensive.

It does seem silly doesn't it? Like sure they raise wages but then prices go up so you are in no better position. But why?

There is a reason though. It is so that money you have in savings and especially cash you may have laying around depreciate.

Some will argue that you should invest but even that is a gamble and you could lose way more than if you left that money just sitting around.

Prices are up because of the cost of transportation of goods. Everywhere along the distribution chain, the price of gasoline/diesel causes the seller to raise the price to compensate. While the consumer suffers, big oil companies report massive profits! The shortage of workers has led to increased salaries, even then, we hear from businesses everywhere that they can't supply the needs of the public because of lack of staff. The lack of people to fill positions is multi-factoral, including a screwed up immigration system, I am speaking of legal immigration, which is my a stumbling block to bringing skilled employees to the US to fill needed positions!

A box of name brand cereal is $5,- $7 now

The last time the national minimum wage was raised, the year was 2009.

You're paying more for your groceries, not because grocery workers are getting a higher pay. It's because gas is higher, and farming supplies cost more.

As to why raise the federal minimum wage? Would you like to work forever without a pay raise?

It generates more tax dollars too😉

My food prices are the same as they were before the supply chain issues affected the world. Some are lower priced, I grow my own garden and buy from local farmers.

Part of it is the minimum wage hike. Part of it is gas prices to transport groceries to your home. Part of it is that Vladimir Putin is intentionally raising prices in order to blackmail the world.

Gas prices raise food prices as well its getting stupid