Posted on 07/09/2021 9:04:20 AM PDT by JV3MRC
Did CNBC get its understanding of economics from the back of a cereal box? The outlet is arguing that the silver lining to skyrocketing inflation is — “rising wages.”
The liberal outlet noted how “[a]s the economy picks up in the wake of the Covid pandemic, concerns about inflation are also gaining steam.” After conceding that prices of goods are rising, CNBC took a nosedive into ineptitude: “Companies facing a labor shortage are also paying more to get workers to walk in the door.” Did CNBC even consider that rising prices of goods are eating into American pay? Bloomberg News just reported that American pay boosts “are failing to keep pace with surging prices for everyday goods.” CNBC seemed to only figure that out after the story was originally published. Its original headline was “The upside to inflation: rising wages.” The headline has since been changed to alter the entire context of the story: “It’s not certain rising wages will be enough to outpace inflation.”
(Excerpt) Read more at newsbusters.org ...
THAT was from a financial network. Let that sink in.
I have fifty million dollars. CNBC would say I’m rich.
And I have the $50 million dollar bill from Zimbabwe to prove my vast fortune.
No, they got it from the morning call with Democrat Central Message Control.
This is how dumb they think the American people are. Unfortunately, this propaganda will resonate with many of them.
So many things wrong, so little time.
Hey, cnbc - look up “trailing indicator” and “wage elasticity.”
“The upside of quadroplegia: Everybody does everything for you!”
The upside to HIV, weight loss.
CNBC exists to pump stocks and bless everything the financial and governmental powers decide to impose upon us.
Obviously, CNBC is commie controlled.
People aren’t that stupid.
Tragically, I believe that over half of America and most millenials are that stupid.
CNBC again demonstrated that it is satuated (up into its top management) with total Kamalas.*
*Kamala: A fourth class of sub-intelligence that is lower by orders of magnitude than the clinical definitions for 'idiot,' 'imbecile' and 'moron.'
The upside of a total economic collapse: less traffic.
The upside of dying from a random gang shooting in one of the democrat controlled metropolitan utopias: you will not catch COVID.
I am old enough to remember back when the various media all hired grown-up people called “editors” to check articles before they were published. They would check little things likes facts, conclusions, and whether sentences were coherent or just a collection of words strung together.
Now they just publish whatever crap one of their 20 something reporters fresh out of journalism school write down and crowdsource editing via Twitter.
great....just retired last Nov at age 67....NOW they tell me that we’ll have “rising wages”....
I remember the “Jimmy Carter” character on SNL saying “Inflation is your friend. With enough inflation, everyone will be a millionaire!”.
Though your Death Certificate will cite COVID as the "cause of death."
Regards,
Lol... I’m glad I saved an invested wisely.
Failing to see the ‘rising wages’ is part of the cause of the inflation is precious
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