US price and wage increases slow further in the latest signs of cooling inflation
US price and wage increases slow further in the latest signs of cooling inflation
Signs that inflation pressures in the United States are steadily easing emerged Friday in reports that consumer prices rose in June at their slowest pace in more than two years and that wage growth cooled last quarter.
Signs that inflation pressures in the United States are steadily easing emerged Friday in reports that consumer prices rose in June at their slowest pace in more than two years and that wage growth cooled last quarter.
So great how it cools wages when people need wage increases most. It’s like every time we need to get ahead a little something goes nah.. it’s lower class for you forever.
a little something goes nah… it’s lower class for you forever.
That something has a name and it's called "The Fed".
Higher unemployment and lower wages is a stated goal of theirs.
Stifling wage growth was the entire purpose of the interest hikes so it appears to be successfully stamping down the working class
The point of the interest rate hikes was to take money out of circulation to reduce inflation. A side effect of that is cooling wage increases.
Ideally, we would handle inflation by raising taxes. But good luck passing that without a Senate that has a supermajority of non-Republicans
While wages slow, corporate profits hit new all time highs!
The system is working as designed. Making the rich richer and the poor poorer.
No, it's making the rich richer and the poor not desperately angry. Nothing makes rich assholes more concerned than all the people kept at just above desperation starting to get actually desperate and angry.
The key to a highly unequal distribution of wealth, resources, and power is making sure that those with the least--from whom you're extracting the wealth, resources, and power--find it more difficult and inconvenient to change the system than just accept their mediocre lives.
So far, so good.