If you truly believe in the workman being worth his wage, then make sure he get it in something that is worth something. Honest money is Godly money. And, slapping on a few saint’s pictures on the coins wouldn’t hurt morality either. # # # # # Share this: Twitter Facebook Pocket...
Wage slaves vs gold owners According to Pew Research the real average wage, which Pew defines as “the wage after accounting for inflation” has roughly the same purchasing power as it did 43 years ago. In real terms average hourly earnings peaked more than 45 years ago: The $4.03-an-ho...
In addition, food away from home rose by 0.3% in April, which matches March and annualizes to 3.67%. As a result, restaurants are still passing through higher wage and input costs. Energy Prices Mirroring the March reading, the energy index rose +1.1% in April, with gasoline up 2.8% an...
this index is a quick and dirty metric to gauge the health of the economy since both high unemployment and high inflation are major economic factors for the average wage earner.
Monetary Inflation vs Consumer Price Inflation If we look back over a full century, there is a significant correlation between monetary inflation and consumer price inflation. This chart shows the 5-year rolling percent change of the broad money supply per capita in blue and the consumer price in...
“Were the next administration to implement global tariffs on all imports, this would push up the cost of goods for US consumers,” he said. “Combine that with the implementation of mass deportations of illegal migrations, which would lead to labor shortages and wage pressures in sectors like...
The following chart plots the real problem. Look how wages (blue line) have risen, yet wage earners’ dollars don’t buy them as much when higher inflation is factored in (orange line). Source: @dlacalle_IA, Bureau of Labor Statistics: @realejantoni ...
Should we not provide annual rates of inflation ofless than 1%as was achieved in the past, when family incomes consistently zoomed upward with one wage-earner per family - - and more mothers had a real choice to stay home and raise the kids?
after having taken a massive hit in 2021 and through mid-2022, when the explosion of inflation far outran the lagging wage increases. But this growth rate of “real” incomes has slowed dramatically from the 4% year-over-year range in 2023 to about 1%. Nevertheless, they’re out-earning ...
Federal minimum wage is 7.25 dollars an hour. Median net income in 2022 is 40K per SSA (google “SSA median and average income chart”). Average is 61K but I’m sure there’s wide variation. AlphaChicken Sep 26, 2024 at 10:52 pm ...