Biden’s inflation quickly making Americans poorer
Not even the ruling class in the Capitol can ignore prices anymore
COMMENTARY
By E. J. Antoni - - Tuesday, October 11, 2022
OPINION:
The sailor’s lament “water, water everywhere, and not a drop to drink,” is reminiscent of how most Americans must feel today about their cost of living. For instance, there are plenty of homes and apartments across the country, but good luck finding one that’s affordable — inflation and interest rate hikes under President Biden have made that all but impossible.
Those two factors have made the average worker in America $4,200 poorer on an annual basis.
While White House officials are quick to cite the recent rapid increase in nominal wages, they somehow always leave out the fact that prices have risen even faster than wages, so that the average American’s larger paycheck actually buys less than it did before. The decline in real (adjusted for inflation) wages amounts to $3,000 per year.
In other words, the average worker in America has the equivalent of $3,000 less annually than he or she did in January 2021.
...
READ MORE: https://www.washingtontimes.com/news/2022/oct/11/bidens-inflation-quickly-making-americans-poorer/
***
Chân thành cám ơn Quý Anh Chị ghé thăm "conbenho Nguyễn Hoài Trang Blog"
Xin được lắng nghe ý kiến chia sẻ của Quý Anh Chị trực tiếp tại Diễn Đàn Paltalk: 1Latdo Tapdoan Vietgian CSVN Phanquoc Bannuoc .
Kính chúc Sức Khỏe Quý Anh Chị .
conbenho
Tiểu Muội quantu
Nguyễn Hoài Trang
12102022
_________________________
Cộng sản Việt Nam là TỘI ÁC
Bao che, dung dưỡng TỘI ÁC là ĐỒNG LÕA với TỘI ÁC
No comments:
Post a Comment