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Wages up, 1.5% ?? In the meantime, property taxes are at an all time high
and the number of units in the grocery carts diminish since inflation is caus-
ing the price of food products to SKYROCKET.
It doesn't matter about one's political leanings. The math explains it no matter what side you're on. It doesn't take a PhD in economics to understand that in a consumer driven economy, if wages stay flat and prices go up the consumer has less expendable income. Not politics, just simple math.
The economy will never improve until wages start to rise faster than prices. If you get a 1.5% raise, providing you get one at all, and the annual inflation rate is 2% you have actually lost ground by .5%, so your first paycheck after your raise is actually worth,5% less than your first paycheck a year ago. This has gone on for decades and is why we are in the shape we are in now. Raises have been earned and given over the decades but they haven't kept up with or exceeded inflation. So while we were all happy to get our 1.5% raise, we barely noticed the 2% inflation and it has added up over the years.
Kind of like if you have a gallon jug full of water and you add 1 drop a day while at the same time taking out 2 drops a day. Even though you add a drop every day your jug will eventually be empty. That is what's happening to wages in America. When consumers have only enough money to cover the basics the economy grinds to a halt because consumer spending is the fuel that drives the economy. Because of the stagnant wages of the past few decades the economy is running out of fuel.
It used to be that a man could support a family in comfortable style one a single paycheck. Then it began to be that one was not enough so the wife got a PT job. Then that wasn't enough so the wife got a FT job. Today both parents working are still having a tough time of making ends meet, so one of them or both get a PT job on top of their FT jobs. The next phase if not corrected is total collapse because there are no more providers left in the family and no more hours left in the day to get yet another job.
Oh, right. That's not a bright spot, it where somebody got stabbed and the police used Luminol to find the blood.
I don't know about everybody else, but I am being bled dry and I see another round of price hikes coming.
The article should highlight the 5 places where somebody with low income can actually live and pay the bills on an ordinary full time income. What? There isn't such a place? Gosh! Now what?
Obamaville - where you get twice as many Obama Dollars that are only worth half as much.
mmm, mmm, mmm!
Now that all incomes have become 'supplemental' maybe more people will choose to actually become stay at home parents, again? LOL, certainly those families with more than one child will do better on food stamps and housing assistance than wasting both parent's time working jobs that can't be bothered to pay a living, let alone a family wage. Screw the minimum wage, too, for we all know, most certainly, that removing wages from the silly little workers grows an economy.
Oh...I forgot...not only are those that work for pay incidental these days, their children are surplus baggage. Rock on USA...you are #1...NOT. Keep on reelecting them useless congress people...they make the budget and Obama gets the blame.
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