100% FREE ONLINE DATING
sponsored links
| Topic: Inflation is Definitely Here | |
|---|---|
|
|
|
This WaPo article tells us what we already know, but it makes a special point
It’s not just that prices are rising — it’s that wages aren’t.
Previous bouts of inflation have usually meant a wage-price spiral, as pay and prices chase each other ever upward. But now paychecks are falling further and further behind. In the past three months, consumer prices have been rising at a 5.7 percent annual rate while average weekly wages have barely budged, increasing at an annual rate of only 1.3 percent. And the particular prices that are rising are for products that people encounter most frequently in their daily lives and have the least flexibility to avoid. For the most part, it’s not computers and cars that are getting more expensive, it’s gasoline, which is up 19 percent in the past year, ground beef, up 10 percent, and butter, up 23 percent. [urlhttp://www.washingtonpost.com/business/economy/inflation-inflicting-pain-as-wages-fail-to-keep-pace-with-price-hikes/2011/03/09/AF6K2seC_story.html?hpid=z3 This is the result that Republicans have been working hard to achieve for 30 years now. |
|
|
|
|
|
|
|
didn't congress just get a 17% raise not to long ago?
|
|
|
|
|
|
|
Edited by
mightymoe
on
Thu 04/07/11 01:32 PM
|
|
didn't congress just get a 17% raise not to long ago? my bad ... the last raise was in 2009 http://usgovinfo.about.com/b/2009/01/03/congress-getting-a-pay-raise-how-about-you.htm http://factcheck.org/2010/01/retribution-fabrication/ it said no raises in 2010, and none are planned in 2011... |
|
|
|
|
|
|
|
|
didn't congress just get a 17% raise not to long ago? If you say so, but I don't think that teh salaries of 535 people are going to have a significant impact on overall wages in America.
|
|
|
|
|
|
|
|
|
didn't congress just get a 17% raise not to long ago? If you say so, but I don't think that teh salaries of 535 people are going to have a significant impact on overall wages in America.
your right, but that is not where i was going with it...doesn't matter anyway, it's all good |
|
|
|
|
|
|
|
This WaPo article tells us what we already know, but it makes a special point It’s not just that prices are rising — it’s that wages aren’t.
Previous bouts of inflation have usually meant a wage-price spiral, as pay and prices chase each other ever upward. But now paychecks are falling further and further behind. In the past three months, consumer prices have been rising at a 5.7 percent annual rate while average weekly wages have barely budged, increasing at an annual rate of only 1.3 percent. And the particular prices that are rising are for products that people encounter most frequently in their daily lives and have the least flexibility to avoid. For the most part, it’s not computers and cars that are getting more expensive, it’s gasoline, which is up 19 percent in the past year, ground beef, up 10 percent, and butter, up 23 percent. [urlhttp://www.washingtonpost.com/business/economy/inflation-inflicting-pain-as-wages-fail-to-keep-pace-with-price-hikes/2011/03/09/AF6K2seC_story.html?hpid=z3 This is the result that Republicans have been working hard to achieve for 30 years now. If that were true then we would have stayed at or gone above the Carter era inflation rates of a 13.5% average in 1980. In 1986 it was an average of 1.9%. Nice try though.. |
|
|
|
|
