Over the last 50 years over 70tn has been funneled from the pockets of the majority of people into the pockets of less than 5,000 people.
Wealth redistribution is now required to fix the vast majority of social and economic issues.
Nothing will meaningfully improve until the rich fear for their lives.
This is definitely not news, although it may help the uninformed masses I guess?
High wages is socialism, so they are against it.
You may have hit the nail on the head, but they’re willfully uninformed.
I dont believe that 40% is right. Pulling numbers from working adults that are in the labor pool is just statistic fuckery. Almost a 1/3 of working age Americans dont or cant work and wouldnt even be considered. Examples of those collecting SSD or SSI arent included, and that absolutely does not keep up with inflation.
Physicians and surgeons led the way in slowest growing wage growth with a 0.8% increase since last year, which was followed by driving jobs (1%). Other slow-growing categories include arts and entertainment (1.2%), software development (1.4%), beauty and wellness (1.6%) and logistic support (1.7%).
What a weird way to look at this. Doctors make way more than drivers do, so an increase of .8 makes up way more value than 1% increase to drivers. Its directly comparing apples and oranges.
This article is bad and leaves a lot out of the whole story about work. Its under reporting and disingenuous.
This isn’t yet factoring in tariff inflation. Most compabies have been temporarily eating most of the tariff taxes. We’re going to get a whole lot more inflation in the next year or two, if the tariffs stick around
Soon there will be a critical mass of people who have nothing left to lose
Hey guys. I don’t understand. Every time we elect Republicans to run the show the economy suffers.
But that can’t be right.
Because they say they’re the party of fiscal responsibility.
So can anyone make sense of this?
The economy for the rich gets better. The rich run the corps and the gov. They’re fiscally conservative with the poors money…not the rich.
*they’re fiscally conservative with redistributing money to the poor. All governments redistribute money, you can’t run a government without doing that. We should be making that clear, and then argue for redistribution to regular people, instead of the rich which is happening now.
The CEO of my old company, who is middle eastern, said that “the republicans will unlock the economy”. He seemed sincere in his belief that it would be better for everyone.
I kind of hope ICE disappears him because the irony would be weapons grade, but I’m not sure even that would get him to admit that maybe trump and musk aren’t great.
Its been like that for a looooong time
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Gee, i wonder who is getting all that inflation money. Obviously not the workers.
inflation money
There’s no such thing as inflation money, shut up. The money just disappear
If someone is paying an “inflated” rate, they are paying more. So someone is collecting additional inflation money, by very definition of the term
They’re paying more, or they don’t pay and fewer or no transactions occur. It’s the latter that will grow, meaning nobody’s getting more overall. Volume times price equals income. If the volume drops, then you likely will get less overall even if the price went up because there are fewer transactions. These are the symptoms of a coming Recession. The rich will pay more and get theirs. Everybody else gets to pick and choose their immediate priorities.
They just burn the added rate, please stop asking questions
Money disappearing would do the opposite Id imagine.
Shut up! Nobody is stealing from you
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Only 40%?
Just you wait. The “winning” won’t stop there.
15% tariffs (which seem to be what he’s settling on) mean prices will increase about 15% over the next year (some companies will eat some of the tariffs, some will use them as an excuse to price-gouge). And absolutely no one is getting a 15% raise except the bosses.
some companies will eat some of the tariffs
Lol.
Many are for now. Long-term I don’t expect any company will accept lower profits. Means a whole lot of that tariff inflation is still looming for the consumer
They"ll eat them just so they can shit down our throats. Cycle of corrupt economics.
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Watch “Inequality for All” on YouTube. https://youtu.be/zvAFPHLFMa0
Honestly the surprise for me is that this implies that wage growth is exceeding inflation for a (slim) majority of the country. Like, sure, I would expect it of like the 1%ers or so these days, but not a majority even if a small one.
Probably only because they include some ‘benefits’ like health insurance that are horribly overpriced and the worker never sees.
Shitty thumbnail. It’s not Powell’s fault. It’s the jackass in the white house.
