The inflation rate is stunning ..... Data shows actual declines in wages for full time workers. Full blown recession is here

[livingston]

Alarming Wage Report Not Being Discussed in Financial Media - Blue Collar Wages DECREASED in Third Quarter, While Inflation Skyrocketed - The Last Refuge

The Bureau of Labor Statistics (BLS) released the third quarter review of average weekly wages [Main Data Here]. The results of the year-over-year comparison should alarm everyone. This is a very serious data point that likely means we are in a recession, it just has not been quantified yet...

theconservativetreehouse.com

Weekly wages went up a sum total of seven bucks [$7/1,000 = 0.7%] year over year. THAT is ridiculously low. However, worse yet look at all the categories of workers who saw an actual decline in wages. This is not a decline in wage value, this is an actual decline in net wages earned. WAGES HAVE DROPPED !
This is not only saying wages are failing to keep up with inflation, that part is beyond obvious, the data shows actual declines in wages for full time workers. This is far more concerning, check that…. this is four alarm fire – running around the neighborhood naked and panicked level concerning… when you take actual declines in wages and factor in the September inflation numbers [Main Data Here].

The inflation rate is stunning [Table 7 data Here]. Examples: Beef costs 20% more (year over year). Bacon costs 20% more. Eggs cost 12% more. Peanut butter costs 10% more. Home heating oil costs 42% more. Unleaded gasoline costs 43% more. Natural gas costs 20% more. Used cars are 24% more. The list goes on (SEE HERE).

I don’t have to tell you this, you can see it in your receipt at the grocery store and in the gas pumps at your local convenient store. But the point is that massive inflation is eating our paychecks and the inflation is getting worse, not better. Prices continue to skyrocket and the dollar continues to be weakened.
When you overlay the inflation, massive price increases in critical goods that middle-class Americans purchase every day; and when you overlay the massive energy cost increases and the cost of home heating oil this winter; and THEN you consider the reality that wages are actually lower than a year ago, well, it is a perfect storm.

This is beyond stagflation because the economy is not only stagnant with inflation high, but also because actual weekly wages have dropped. Overall Main Street consumer purchasing is now focused on staple goods like housing, food, fuel and energy costs.

 

[livingston]

There is talk of a 4th stimulus check on the horizon

UPDATE! $1400 CHECKS FOR SENIORS! Social Security & Stimulus Increase​

Oct 19, 2021

 

[C3D]

Wages haven't dropped for government workers.

 

[spat]

Wages haven't dropped for government workers.

Jokes on them.

Because of inflation, they really have.

If your paycheck stays the same, but the cost of everything doubles, you took a pay cut.

 

[Blimey]

All you need to do to combat inflation is print money aster than the rate of inflation. Mandate that sellers cannot raises prices more than 1%/month, but give everybody $1400 stimmy checks every month. Sellers that pretend they cannot make a profit just send in government workers to operate the business. Works every time!

 

[livingston]

All you need to do to combat inflation is print money aster than the rate of inflation. Mandate that sellers cannot raises prices more than 1%/month, but give everybody $1400 stimmy checks every month. Sellers that pretend they cannot make a profit just send in government workers to operate the business. Works every time!

My sister lives in Florida. She said reports from her area say housing prices have increased 20 % in the last year. There are months long waiting lists to occupy rental property. Many homes cannot get finished because of shortages. Stoves, hood ranges.. and the like. .. These folks cannot move in their homes and renting is the option .

 

[meketrefe]

Jokes on them.

Because of inflation, they really have.

If your paycheck stays the same, but the cost of everything doubles, you took a pay cut.

Perfect excuse to be on a diet.

 

[C3D]

Jokes on them.

Because of inflation, they really have.

If your paycheck stays the same, but the cost of everything doubles, you took a pay cut.

That’s not how public unions work. They will get inflation linked raises.

 

[spat]

That’s not how public unions work. They will get inflation linked raises.

But, when the government will only admit to 5% inflation because of politics, but the real answer is 10%, then you *still* took a pay cut.

 

[Truebeliever]

That’s not how public unions work. They will get inflation linked raises.

Not true. Most do not. Only federal employees have it in general. And most of the local and state employees who do have a COLA increase have a cap on it. For example, if the state employee has a 3% cap on the COLA, and inflation is 7%, the value of their salary went down by 4%.

And before someone starts this public employee gets too much compared to private, union members who work for private companies in NYS often get better health and dental than public employees. They also often command higher salaries than their public worker counterpart. Note I said unionized private sector such as the Electrican union. Of course there are exceptions to this on both sides of the argument..
Also, public employees in NYS pay higher taxes of their salary in part because their traditional pension plan gets taxed BEFORE they receive any benefit. NYS taxes the pension plan contributions up from front. It would be like paying income taxes on the private sector employee’s 401k match the employer might offer up front. Don’t forget the required union dues, either. So while a public employee might make more on paper, the take home amount can be significantly less than the private sector equivalent.

And I did quite well working in government service but ever received a COLA , either when I was active or in retirement. And I worked with people in other agencies and positions that you would be shocked how little they get. We are talking PHDs making less than an assistant manager at McDonald’s. And yes, I know that position actually has a lot of responsibility and I am not disparaging that position. I’m just giving you an idea of what some PHDs and some other allegedly smart people make in government service.

 

[prambo]

Gas prices in The 'Hood have always been artificially higher that other areas in the North Country like Plattsburgh and Watertown - hell, even Star Lake, just 40 miles away was always cheaper.

Now regular is at $3.66/gal in The 'Hood. It's gone up $0.10/gallon in the last week.

The fUSA is headed for a head on collision with a 100 mph freight train while driving a rotted out Yugo.

 

[spat]

All you need to do to combat inflation is print money aster than the rate of inflation. Mandate that sellers cannot raises prices more than 1%/month, but give everybody $1400 stimmy checks every month. Sellers that pretend they cannot make a profit just send in government workers to operate the business. Works every time!

The scary part is that half the country would think that's an excellent idea.

 

[Defilade]

"Let's go Brandon"

 

[livingston]

Gas prices in The 'Hood have always been artificially higher that other areas in the North Country like Plattsburgh and Watertown - hell, even Star Lake, just 40 miles away was always cheaper.

Now regular is at $3.66/gal in The 'Hood. It's gone up $0.10/gallon in the last week.

The fUSA is headed for a head on collision with a 100 mph freight train while driving a rotted out Yugo.

Gas hits $7.59 a gallon in CA town​

Gas hits $7.59 a gallon in CA town

The lone gas station in a coastal California town is charging $7.59 for regular unleaded.

abc7.com

 

[phatfarmerbob]

Gas hits $7.59 a gallon in CA town​

Gas hits $7.59 a gallon in CA town

The lone gas station in a coastal California town is charging $7.59 for regular unleaded.

abc7.com

Hahaha when I was road tripping with my buddy back in 05 we were on empty at that station. I was pissed cause gas was 3.50 and only put in 10 gallons( which was enough to get 60 miles in my old ass class c motor home). That’s hysterical

 

[Bigfoot]

Gas hits $7.59 a gallon in CA town​

Gas hits $7.59 a gallon in CA town

The lone gas station in a coastal California town is charging $7.59 for regular unleaded.

abc7.com

 

[prambo]

There is talk of a 4th stimulus check on the horizon

UPDATE! $1400 CHECKS FOR SENIORS! Social Security & Stimulus Increase​

Oct 19, 2021

Stopped it right when The Ginger Whore opened her cum-stained mouth.

Another stimulus??!!

WTF??!!

Just keep printing that shit boys!! Make the US$ even more worthless.

Hopefully Mrs. prambo and I can get it in cash - at least then we'll be set with TP for a while.

Moronic cock-eaters.

 

[tirwin1]

I'm not sure the country can wait until the midterm elections for a course correction. I can't even think about the state of the economy in another 12 months.

 

[livingston]

I'm not sure the country can wait until the midterm elections for a course correction. I can't even think about the state of the economy in another 12 months.

It will be a hell of a ride... Just watched a you tube about the possibility that transporting beef steers from the feedlots to the slaughter plants will be difficult in the near future.... Not enough trucks and drivers. ( in the coming months )
Liberals say that we need to destroy the cattle industry to save the earth .. This would be a good start doing so... Look for a meat shortage if this happens.

 

[Blimey]

Stopped it right when The Ginger Whore opened her cum-stained mouth.

Another stimulus??!!

WTF??!!

Just keep printing that shit boys!! Make the US$ even more worthless.

Hopefully Mrs. prambo and I can get it in cash - at least then we'll be set with TP for a while.

Moronic cock-eaters.

That is quite enough internet for you, sir.

 

[Blimey]

Inflation notches a fresh 30-year high as measured by the Fed's favorite gauge

Annual inflation rose at its fastest pace in more than 30 years during September despite a decline in personal income.

www.cnbc.com

 

[@thewheels]

The scary part is that half the country would think that's an excellent idea.

Capitalism bad.

 

[Saltwater60]

There is talk of a 4th stimulus check on the horizon

UPDATE! $1400 CHECKS FOR SENIORS! Social Security & Stimulus Increase​

Oct 19, 2021

This contradicts everything I’ve hear. I have heard some talking about it, but most of not all other countries are cutting back government money being infused because of inflation. I have heard the USA is doing the same. With that being said with Biden anything is possible. He’s clueless beyond belief.
I’m not sure when the video was made and it does seem recent, but things in the video are outdated

 

[spat]

All you need to do to combat inflation is print money aster than the rate of inflation. Mandate that sellers cannot raises prices more than 1%/month, but give everybody $1400 stimmy checks every month. Sellers that pretend they cannot make a profit just send in government workers to operate the business. Works every time!

Ask and ye shall receive...

Dem Rep. Carter: Inflation's Impact 'Will Be Eased' by 'Pumping Money' to Stimulate Economy

On Thursday's broadcast of the Fox Business Network's "Cavuto: Coast to Coast," Rep. Troy Carter (D-LA) argued that the impact of inflation on people | Clips

www.breitbart.com

 

[@thewheels]

Ask and ye shall receive...

Dem Rep. Carter: Inflation's Impact 'Will Be Eased' by 'Pumping Money' to Stimulate Economy

On Thursday's broadcast of the Fox Business Network's "Cavuto: Coast to Coast," Rep. Troy Carter (D-LA) argued that the impact of inflation on people | Clips

www.breitbart.com