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Retailers jacked up prices and squeezed consumers. They might have just blinked I hope consumers still don't bat many eyelashes because capitalism best practices def looked to squeeze consumers. Record profits, stock markets riding high, rich got even richer, meanwhile ever more people struggle up and down 'main street'.
That's okay, because eventually we're just going to automate away the need for all those struggling people. And then we won't care if they participate in the economy anymore. We can... ahem... zero them out.
We're witnessing this process in areas like Yemen, Palestine, and Kashmir as we speak. If you get under the hood of MBS's 30 year plan for Saudi Arabia, you'll notice a sharp drop in the expected demand for labor. This, from a man who doesn't bat an eye at walking a guy into an embassy and dismembering him with a chainsaw.
Go ask Andreessen Horowitz or Peter Thiel or Bill Gates what they'd like to see happen to the human population going into the 22nd century, and you'll get similar speculative responses.