Not at all. Wages and salaries have been hedged with outsourcing, increased immigration, female participation in the workforce, and automation/AI. That is part of the reason there is a legitimate tension/concerns in labor.
Not at all. Wages and salaries have been hedged with outsourcing, increased immigration, female participation in the workforce, and automation/AI. That is part of the reason there is a legitimate tension/concerns in labor.
(May 12, 2021) Year-to-Year April 2021 Consumer Price Inflation (CPI-U) surged by 4.16%, its strongest reading since September 2008, up from 2.62% in March 2021 (BLS). Headline CPI-U monthly inflation gained an adjusted 0.77% in April, against a consensus expectation of about 0.2%, having gained 0.62% in March, with annual inflation jumping to a 13-year high of 4.16% in April 2021, versus 2.62% year-to-year inflation in March. That inflation pickup reflected more than just surging Gasoline prices, where seasonally adjusted “Core” inflation jumped by a 39-year-high monthly gain of 0.92%, up from 0.34% in March. “Energy” declined by 0.10% (-0.10%) in April, having gained 5.00% in March, with “Food” up by 0.37% in April, having gained 0.11% in March.The "ShadowStats Alternate CPI-U" numbers above are generally consistent with the chart you provided.Year-to-Year April 2021 ShadowStats Alternate CPI (1980 Base) Inflation jumped to a thirteen-year high of 12.1%, up from 10.4% in March 2021, 9.4% in February 2021 and against 9.1% in January 2021.
The ShadowStats Alternate CPI-U estimate restates current headline inflation so as to reverse the government’s inflation-reducing gimmicks of the last four decades, which were designed specifically to reduce/ understate annual Cost of Living Adjustments. Related graphs and methodology are available to all on the updated ALTERNATE DATA tab above. Subscriber-only data downloads and an Inflation Calculator are available there, with extended details in No. 1460.