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uponit7771

(90,364 posts)
Wed Apr 6, 2022, 11:05 AM Apr 2022

Wages 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.

3 replies = new reply since forum marked as read
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Wages rose 5.6% year over year. Yes there's inflation but there's increase in wages that ... (Original Post) uponit7771 Apr 2022 OP
+1000 Johnny2X2X Apr 2022 #1
I don't think people say, oh good 8 percent increase in pay jimfields33 Apr 2022 #2
But it should be part of the context Johnny2X2X Apr 2022 #3

Johnny2X2X

(19,114 posts)
1. +1000
Wed Apr 6, 2022, 11:16 AM
Apr 2022

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)
2. I don't think people say, oh good 8 percent increase in pay
Wed Apr 6, 2022, 11:51 AM
Apr 2022

at the grocery store where Cost of groceries was 71 dollars last year is 100 dollars this year. I just don’t think the thought process works that way.

Johnny2X2X

(19,114 posts)
3. But it should be part of the context
Wed Apr 6, 2022, 11:54 AM
Apr 2022

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.

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