General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsWages rose 5.6% year over year. Yes there's inflation but there's increase in wages that ...
... stem the blunt of that inflation.
I don't understand the M$Ms thought stream of inflation with that fact that's not in dispute.
If its gas prices then the onus of Big Oil profits should be placed on Big Oil ... the Biden economy is on full blast.
Economic issues my ass
https://www.denverpost.com/2022/04/01/us-added-jobs-march/#:~:text=Average%20hourly%20pay%20has%20risen,aggressively%2C%20in%20the%20coming%20months.
Johnny2X2X
(19,114 posts)It is not honest to have a talk about inflation without immediately mentioning wage growth. 5.6% wage growth blunt much of the inflation on average. Sure, you want wage growth to exceed inflation, like it did throughout the Obama years, but you've got a situation right now made much less worse because of the wage growth.
And what's more, the lowest wage earners? The saw wage growth over 8% over the last year, larger than inflation. This is never brought up, Dems need to bring it up every time they're on TV.
jimfields33
(15,967 posts)at the grocery store where Cost of groceries was 71 dollars last year is 100 dollars this year. I just dont think the thought process works that way.
Johnny2X2X
(19,114 posts)I mean, I got a promotion last year, I will make 27% more this year than last, that absolutely is on my mind when I spend a little more at the grocery store.