Nation A has 2 equally sized industries make up 100% of it's economy:
- Industry 1 goes up 10% in cost the past year.
- Industry 2 goes up 0% in the past year.
Wages will go up 5%. Non-incumbent Politicians will argue the economy is bad because wages went up 5% and costs went up 10% (ignoring the industry that stayed flat) to trash their opponent.
Right now, gas price hikes are higher than wage hikes by %. A bunch of unnamed industries are having their prices hike lower than wage increase (or maybe even falling). There are hundreds of industries in the US; politicians won't name hundreds of industries. The economy does roughly the same pretty much every year. Even during the great depression, most people were employed.
