Posted on 07/08/2021 9:22:16 AM PDT by ScubaDiver
As the economy picks up in the wake of the Covid pandemic, concerns about inflation are also gaining steam.
Already, prices on some goods, like cars, are noticeably higher, stoking fears that a sudden uptick in inflation will decrease purchasing power over time.
Although consumers may pay more for everyday items, it’s not all bad news as far as household income and spending goes. Companies facing a labor shortage are also paying more to get workers to walk in the door.
(Excerpt) Read more at cnbc.com ...
Up next:
Our Biden Bread Lines Can Actually be a Useful Opportunity for Reflection and Rest.
Funny one-——grim but funny.
Rising wages never catch up to inflation.
They can’t be that stupid...can they?
Very stupid or liars. Or both
They can if you’re a Federal employee getting 5%-10% raises every year.
It’s amazing that these people have jobs.
These are the same people that rave about “Funemployment” when a Democrat is in the White House.
Inflation.. where $15.00 minimum wage needs to increase to $25.00, the left is incapable of understanding economics when all they teach is hate.
The out of control inflation is a big hit with retirees.
lol raising the minimum wage ALWAYS causes inflation. But it fools the gullible because they THINK they are earning more.
3% inflation 1/2’s the value of your cash every 20 years approximately.
so.. a million dollars in 1981 is only worth about $250,000. So the next time you get excited about being a millionaire think about that!
Learned about that from an episode of All in the Family, lol.
Especially for us retirees with no wages to rise.
Did you even pretend to look up the facts, or just pull that from your ass? Over the past 14 years, the average raise for Federal workers was 1.25%.
Gas up 50%. Houses up 20% in one year. Used car prices up 30% year over year.
Wages are not up 30%.
another way to look at it is: to be as wealthy as a millionaire in 1961, you have to have 8 million in net worth today.
And the purchasing power of that large group that both political parties earnestly seek votes from in every year evenly divisible by two is being eroded.
Yes, social security benefits are being taxed away by government created inflation violating the oft-repeated covenant: “We will never touch your social security.”
Jessica Dickler is a moron.
Thr msm Will spin the coming crisis as
‘Extreme poverty and complete subservience is actually good for everyone (say the elite from their ivory towers), because it shows people how to be humble again, and appreciate that others are loo,ing out for them instead of having g to do so for themselves.
Hunger pangas make people more appreciative when they get their monthly allotment of government food..
sickness is good for the soul because it helps you appreciate the fact that you get at least another day to enjoy life because you woke up after all’
...a million dollars in 1981 is only worth about $250,000. So the next time you get excited about being a millionaire think about that!
—
In 1972, the famous D.B. Cooper air hijacking, Cooper only asked for $200,000 in ransom. Nowadays $200k won’t even get you a starter home.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.