The US govt has been misleading the citizenry about what the true inflation rate is here by not factoring in food and other prices that continue to soar. For instance, from everything to sugar, ground beef, pork, steak, chicken, milk, soybeans and many other things, there has been 5-15% increases since last years prices which is bad news when wages have been stagnant and the only jobs coming back have been minimum wage, part time and seasonal positions.
Exactly, the newly created money were used to speculate on petroleum, raw material and assets, raised production cost, but did not increase the income of the lower middle class in any meaningful way
There is no good solution for technology unemployment in a pure market driven economy: People who have the money will spend in the area that they are most interested, not to generate more jobs. Even we are using gold as currency, that would still happen
