The Media Finds a Way to Spin the "Silver Lining" of Skyrocketing Inflation

Weatherman2020

Diamond Member
Mar 3, 2013
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TIRED: "Funemployment"

WIRED: Inflation causes phantom rises in your nominal pay rate, which is all wiped out (and then some!) by rising costs, but at least the numbers look bigger on your check!

I survived the Carter years of 20% home loan rates. Your annual salary raise you may get is no where near close to keeping up with the inflation rate. Most companies use the excuse ‘our costs are up so we can’t pay you’.
 
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The real poor are getting financially mauled AND losing their roach infested rentals soon, too!

Joe's gift to the unwashed and somewhat slightly dazed!
 

TIRED: "Funemployment"

WIRED: Inflation causes phantom rises in your nominal pay rate, which is all wiped out (and then some!) by rising costs, but at least the numbers look bigger on your check!

I survived the Carter years of 20% home loan rates. Your annual salary raise you may get is no where near close to keeping up with the inflation rate. Most companies use the excuse ‘our costs are up so we can’t pay you’.


There is no evidence this is anything but a temporary spike due to the coronavirus. One factor is that consumers are not buying goods in anticipation of them going up. Car prices went up and sales are down. Retail sales were flat.
 

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