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Wages have not kept up with inflation. They have for the very top of earners, which skew some graphs, but not for the overall workforce. Not everyone can be a principal engineer at Meta and make $750k, basing data on the exceptions is always bad. Also, inflation in food outpaced overall inflation by quite a bit and this is the expense that hurts the average working American the most.
[url]https://www.statista.com/statistics/1351276/wage-growth-vs-inflation-us/[/url]
Wages have been outpacing inflation since February. It will eventually normalize as usual. Actually the only thing that hasn't normalized is the housing market which is pretty much the entire reason inflation is higher than 2%.
[QUOTE=j3lademaster;14899052] Also, inflation in food outpaced overall inflation by quite a bit and this is the expense that hurts the average working American the most.[/QUOTE]
[url]https://www.bls.gov/news.release/cpi.nr0.htm[/url]
Overall food has gone up 2.2% over the last 12 months. Only up 1.2% for groceries, and 4.2% eating out.
That is on par with normal inflation levels.
[QUOTE=Bill Gates;14899058][url]https://www.bls.gov/news.release/cpi.nr0.htm[/url]
Overall food has gone up 2.2% over the last 12 months. Only up 1.2% for groceries, and 4.2% eating out.
That is on par with normal inflation levels.[/QUOTE]
2% my ass. When food was 12.99 for a bowl of pho in 2020 and its 18.99 now. Tell me more
Came home after buying goose eggs for 30 bucks , and half of them were broken.
I'm broke for the month.
[QUOTE=TeflonDonTrump;14899074]2% my ass. When food was 12.99 for a bowl of pho in 2020 and its 18.99 now. Tell me more[/QUOTE]
2020 was 4 years ago, before Trump flooded the country with stimulus.
You'd see 10% increases of price over 4 years time even under normal inflation levels though.
[QUOTE=rmt;14899009]It is Biden's policies that are causing PAIN to us. Let me count (some of) the ways:
BORDER/IMMIGRATION - what do you think all these millions of people who should not be here are doing to our schools, hospitals, courts, housing, roads/infrastructure, city budgets, etc.? Taking away resources that should be used by/on us - lowering our standard of living - less sanitation, less police/emt, less library services, etc. And lowering wages/taking jobs from the lowest earners.
CLIMATE CHANGE - give away EV tax credits (to rich people), mandate more environmental requirements that push up prices up, more restrictions on drilling/fracking/oil industry, more permitting requirements that slow down building of more housing, roads, etc. MORE REGULATIONS.
UKRAINE - Biden/Blinken pushing war vs Russia and entry into NATO - "Ukraine will become a member of NATO. Our purpose at the summit is to help build a bridge to that membership," Blinken told reporters in Brussels. I predict Trump will threaten to pull support/aid and force Ukraine to negotiate the end of this war. IOW, Ukraine in NATO is crazy - that means we are supposed to defend Ukraine against Russia? If money/aid is spent, it should be on us - not Ukraine.
INFLATION is at 3.5% - that's almost double what the Federal Reserve wants it be (2%). Biden's outrageous SPENDING is fueling inflation - we need to spend less - not forgive student loans on the backs of those who didn't go to college. They need to stop with the spending so interest rates can be lowered and we can get some interest rate relief on housing/automobiles/businesses. And that includes not submitting [B][U]$7.3 TRILLION[/U] a year budget[/B]s.
In short, Biden policies, if elected, will continue to make inflation [B]WORSE[/B] and inflict even [B]MORE PAIN[/B].[/QUOTE]
"Trump would fix everything!" :oldlol:
[QUOTE=Patrick Chewing;14899024]I fear for what will happen to RRR3 when his parents cannot afford to buy him hot pockets any longer. What will he do for sustenance? :([/QUOTE]
Thanks for letting me know warriorfan is still sitting at home thinking about me. Fat ****.
[QUOTE=rmt;14899039]And you don't think that Biden's (IMO, unnecessary) $1.9 trillion America Rescue Plan (on top the ALREADY KNOWN about Cares Act) when we were COMING OUT of the pandemic contributed to inflation? And his $1.2 trillion Inflation Reduction Act (really CLIMATE CHANGE bill signed 8/22 when inflation was 8.3%), his $740 billion Infrastructure Act and his $53 billion Chips Act - these aren't going to pour trillions onto the population? That adds up to $3.893 trillion - I guess that isn't going to cause inflation?
Yet Trump's $2.2 trillion Cares Act [B]IN THE MIDDLE of COVID's [U]SHUTDOWN[/U][/B] caused MOST of US Inflation? LOL[/QUOTE]
There's no way you don't have dementia. :facepalm
[QUOTE=TeflonDonTrump;14899074]2% my ass. When food was 12.99 for a bowl of pho in 2020 and its 18.99 now. Tell me more[/QUOTE]
You are retarded.
[QUOTE=eliteballer;14899047]One minute you're complaining he's not doing enough for infrastructure and the next you're complaining he's doing too much?:roll:[/QUOTE]
Exactly where do I complain that he's not doing enough for infrastructure? He is for more rules/regulations which prevent quicker building of everything - do you think he's made it easier to build anything?
Government primarily needs to keep us safe and secure and get out of the way of US business - everything they get involved with (especially education and health) gets more expensive.
Let's not forget Biden's ill fated Build Back Better - originally $3.5 trillion/revised $1.75 trillion in late 2021 (ended up with passed slim down 2022 Inflation Reduction Act) - do you really think that all this wishful SPENDING would have been good for inflation if it had passed (in original form)? Thank God for Manchin (although he voted for IRA) - inflation could be even worse now if full BBB had passed.
[QUOTE=rmt;14899193]Let's not forget Biden's ill fated Build Back Better - originally $3.5 trillion/revised $1.75 trillion in late 2021 (ended up with passed slim down 2022 Inflation Reduction Act) - do you really think that all this wishful SPENDING would have been good for inflation if it had passed (in original form)? Thank God for Manchin (although he voted for IRA) - inflation could be even worse now if full BBB had passed.[/QUOTE]
that's a fair stance from a conservative, but did you have the same attitude towards trump's 2017 tax cuts or did you allow yourself to fall for the mnuchin propaganda?
[QUOTE=diamenz;14899211]that's a fair stance from a conservative, but did you have the same attitude towards trump's 2017 tax cuts or did you allow yourself to fall for the mnuchin propaganda?[/QUOTE]
then he tanked on all small businesses ... they closed
[QUOTE=rmt;14899193]Let's not forget Biden's ill fated Build Back Better - originally $3.5 trillion/revised $1.75 trillion in late 2021 (ended up with passed slim down 2022 Inflation Reduction Act) - do you really think that all this wishful SPENDING would have been good for inflation if it had passed (in original form)? Thank God for Manchin (although he voted for IRA) - inflation could be even worse now if full BBB had passed.[/QUOTE]
Did you know the current inflation was primarily driven by the shutdowns opening up again, early on with supply chain issues, and high consumer demand? Yes, the massive bills under biden didn't help, but that wasn't the cause by itself or arguably one of the 3 biggest causes. Top 4? Yes, sure probably. There is currently also widespread price gouging taking place with companies wanting to take advantage of record profits. That could also be a bigger cause than those 2 bills you mentioned. It certainly is a top 5 cause keeping inflation up.
Anything else you wish to say?