Red-hot inflation gave most Americans a pay cut in January

[Colin norris]

Wages for Americans are actually declining when accounting factoring in raging inflation

The tightest labor market in years is fueling rapid wage gains for most workers – the only problem is that red-hot inflation is quickly eroding those increases.

The Labor Department reported on Friday that average hourly earnings for all employees actually declined 1.7% in January from the same month a year ago when factoring in the impact of rising consumer prices. On a monthly basis, average hourly earnings increased by just 0.1% in January, when factoring in the 0.6% inflation spike.

MOST SMALL BUSINESSES SINCE 1974 ARE HIKING PRICES TO OFFSET INFLATION

By that measure, the typical U.S. worker is actually worse off today than they were a year ago, even though nominal wages are rising at the fastest pace in years. That's because inflation is also surging: The government reported Thursday morning that the consumer price index (CPI) rose 7.5% in January from a year ago, marking the fastest increase since February 1982, when inflation hit 7.6%.

The CPI – which measures a bevy of goods ranging from gasoline and health care to groceries and rents – jumped 0.6% in the one-month period from December.

https://www.foxbusiness.com/economy/...ans-wage-gains

the whole nation is seeing the blue state business model does not work

Its one of the problems with a buoyant economy and we have to thank Joe for that. He's so good he's iver done it.
These good economic figures never happened under trump.

 

[Stann]

numerous articles with not credibility or evidence, must more bullshit so someone can garner a paycheck for an opinion

Ironic, articles are how information is disseminated. Good luck in life, I have to go to a meeting, later.

 

[Ordinary Guy]

Its one of the problems with a buoyant economy and we have to thank Joe for that. He's so good he's iver done it.
These good economic figures never happened under trump.

Good economic figures? we have lost wages due to inflation, market is super volatile right now. Had Biden not touched anything we would be doing great, but now we are reliving Jimmy Carter which will be very painful for some

 

[Mikeoxenormous]

Ironic, articles are how information is disseminated. Good luck in life, I have to go to a meeting, later.

why? If you arent going to be around next year, why go through all the bullshit now. instead of living your life, one year to go, worth of excitement.

 

[Colin norris]

Good economic figures? we have lost wages due to inflation, market is super volatile right now. Had Biden not touched anything we would be doing great, but now we are reliving Jimmy Carter which will be very painful for some

Check the economic figures.
You heralded trump for low interest rates but the destruction of the economy by him was the problem. Now it's better you blame Biden for fucking it up. Are you for real.
GWB through his foolish ignorance of anything financial left us the GFC. Was that the same as your description of everything doing fine?
Apparently total destruction is ok under a repig but not under a democrat. Piss off you idiot.

 

[Colin norris]

Wages for Americans are actually declining when accounting factoring in raging inflation

The tightest labor market in years is fueling rapid wage gains for most workers – the only problem is that red-hot inflation is quickly eroding those increases.

The Labor Department reported on Friday that average hourly earnings for all employees actually declined 1.7% in January from the same month a year ago when factoring in the impact of rising consumer prices. On a monthly basis, average hourly earnings increased by just 0.1% in January, when factoring in the 0.6% inflation spike.

MOST SMALL BUSINESSES SINCE 1974 ARE HIKING PRICES TO OFFSET INFLATION

By that measure, the typical U.S. worker is actually worse off today than they were a year ago, even though nominal wages are rising at the fastest pace in years. That's because inflation is also surging: The government reported Thursday morning that the consumer price index (CPI) rose 7.5% in January from a year ago, marking the fastest increase since February 1982, when inflation hit 7.6%.

The CPI – which measures a bevy of goods ranging from gasoline and health care to groceries and rents – jumped 0.6% in the one-month period from December.

https://www.foxbusiness.com/economy/...ans-wage-gains

the whole nation is seeing the blue state business model does not work

Not the whole nation.
The majority of the voters voted to get rid of the red model. Does that tell you something?

 

[Ordinary Guy]

Check the economic figures.
You heralded trump for low interest rates but the destruction of the economy by him was the problem. Now it's better you blame Biden for fucking it up. Are you for real.
GWB through his foolish ignorance of anything financial left us the GFC. Was that the same as your description of everything doing fine?
Apparently total destruction is ok under a repig but not under a democrat. Piss off you idiot.

you are obviously too stupid to realize Biden is costing you money, you have less to invest. Now we know how idiots get elected, thanks for the confession

 

[Ordinary Guy]

Not the whole nation.
The majority of the voters voted to get rid of the red model. Does that tell you something?

yes, the population of idiots is swelling, they voted a guy with Dementia in that got lost going from the helicopter to the white house. Funny but sad

 

[B. Kidd]

In Vegas, we just zoomed past $4 + dollars for reg. unleaded at most places.
Just a heads up for those who plan on driving here.
Don't worry tho' you'll hit a jackpot.....

 

[Colin norris]

yes, the population of idiots is swelling, they voted a guy with Dementia in that got lost going from the helicopter to the white house. Funny but sad

You should be in the national comedy hour.
You pathetic grub.

 

[Who_Me?]

Well weeks ago we were talking about an employees job market which was laden with raises and signing bonuses and other monetary perks. Now there are tears because it resulted in inflation. Well what the hell did you think it was going to do?

 

[Flash]

Under the Worthless Negro/Joe Potatohead administration Americans were subjected to a decrease in family income.

Under the Joe Potatohead/Ho administration family income is being massive eroded because of runaway inflation.

Anybody that voted for Potatohead is an idiot.

 

[Who_Me?]

Under the Worthless Negro/Joe Potatohead administration Americans were subjected to a decrease in family income.

Under the Joe Potatohead/Ho administration family income is being massive eroded because of runaway inflation.

Anybody that voted for Potatohead is an idiot.

There wasn't another choice.

 

[Flash]

There wasn't another choice.

Only in the mind of a stupid uneducated bat shit crazy Moon Bat.

 

[Who_Me?]

Only in the mind of a stupid uneducated bat shit crazy Moon Bat.

Your reply clearly illustrates my point.

 

[Mikeoxenormous]

Under the Worthless Negro/Joe Potatohead administration Americans were subjected to a decrease in family income.

Under the Joe Potatohead/Ho administration family income is being massive eroded because of runaway inflation.

Anybody that voted for Potatohead is an idiot.

I think a potato head is smarter than a Joe Biden voter.

 

[Ordinary Guy]

You should be in the national comedy hour.
You pathetic grub.

Ah the dementia cheerleader comes back again and again

 

[HenryBHough]

Of course you've lost buying power!

But that's not news.

You knew it when you voted for Xiden because he wasn't Trump. But you did that anyway.

Now that's dedication!!!!

Or.....

Just stupidity?