Comments posted organically
SelectSmart.com Homepage
The Joe-conomy: Inflation has taken away all the wage gains for workers and then some

By HatetheSwamp
November 10, 2021 12:26 pm
Category: Government

(0.0 from 0 votes)
SelectSmart.com SelectSmart.com SelectSmart.com

Share
Rules of
the Post

Rate this article
5 Stars
4 Stars
3 Stars
2 Stars
1 Star
0 Stars
(5=best, 0=poor)

"What looked like a big jump in workers’ wages during October turned into just another gut punch after accounting for inflation.

The Labor Department reported Friday that average hourly earnings increased 0.4% in October, about in line with estimates. That was the good news.
However, the department reported Wednesday that top-line inflation for the month increased 0.9%, far more than what had been expected. That was the bad news – very bad news, in fact.

That’s because it meant that all told, real average hourly earnings when accounting for inflation, actually decreased 0.5% for the month. So an apparent solid paycheck increase actually turned into a decrease, and another setback for workers still struggling to shake off the effects of the Covid pandemic."


And, the people in the flatulent fool's administration have no idea what to do other than to ask OPEC to pump more oil.

These are going to be three looooooooong years!


Cited and related links:

  1. cnbc.com

Comments Start Below


The views and claims expressed by contributors are their own and do not necessarily reflect the views and beliefs of SelectSmart.com. Not every statement made here can be assumed to be a fact.
Comments on "The Joe-conomy: Inflation has taken away all the wage gains for workers and then some":

  1. by Curt_Anderson on November 10, 2021 12:43 pm
    I have an idea that doesn't involve OPEC: use less oil! That will cause costs to drop.


  2. by HatetheSwamp on November 10, 2021 12:47 pm

    Well, by all means, give "that feckless dementia-ridden" flatulent fool a call!


  3. by Curt_Anderson on November 10, 2021 12:51 pm
    "Well, by all means, give "that feckless dementia-ridden" flatulent fool a call!" --HtS

    Why should I call you? You just read it.


  4. by HatetheSwamp on November 10, 2021 12:53 pm

    Curt,

    I'm a fool. I ain't a flatulent fool.


  5. by Curt_Anderson on November 10, 2021 1:24 pm
    So you claim.


  6. by HatetheSwamp on November 10, 2021 2:06 pm

    In this case you lack existential data.


Go To Top

Comment on: "The Joe-conomy: Inflation has taken away all the wage gains for workers and then some"

* Anonymous comments are subject to approval before they appear. Cookies Consent Policy & Privacy Statement. All Rights Reserved. SelectSmart® is a registered trademark. | Contact SelectSmart.com | Advertise on SelectSmart.com | This site is for sale!

Find old posts & articles

Articles by category:

SelectSmart.com
Report spam & abuse
SelectSmart.com home page


From our contributors:
Display Order:

USA ties England at nil in World Cup!!!!!
Sports by HatetheSwamp     November 25, 2022 12:59 pm (Rating: 0.0) Last comment by: Curt_Anderson (4 comments) [120 views]


Before the Innocence Project there was Erle Stanley Gardner's Court of Last Resort
History by Curt_Anderson     November 26, 2022 10:53 am (Rating: 0.0) Last comment by: (0 comments) [19 views]


Ye & Trump 2024? Kanye West announces presidential bid
President by Curt_Anderson     November 25, 2022 10:58 pm (Rating: 0.0) Last comment by: Donna (1 comments) [78 views]


Mike Lindell Weighing Run Against GOP's Ronna McDaniel 'If God Willing'
Politics by HatetheSwamp     November 25, 2022 1:29 pm (Rating: 0.0) Last comment by: Curt_Anderson (1 comments) [114 views]


China's "Zero-COVID" Policy and the Riots that have followed
News by Donna     November 25, 2022 7:08 am (Rating: 0.0) Last comment by: HatetheSwamp (3 comments) [114 views]


Will Elon Musk release Twitter internal discussions to censor NY Post’s Hunter Biden laptop story before US elections? Here is what he said
Media by HatetheSwamp     November 25, 2022 4:01 am (Rating: 0.0) Last comment by: (0 comments) [33 views]


The Hill: Trump may not make it to the primaries
Politics by HatetheSwamp     November 22, 2022 6:03 am (Rating: 0.0) Last comment by: Curt_Anderson (24 comments) [349 views]


Apparently, Larry Saboto was cheating off pb in predicting the election
Politics by HatetheSwamp     November 7, 2022 3:52 pm (Rating: 0.0) Last comment by: Curt_Anderson (7 comments) [144 views]


"Russia’s invasion is now an ongoing operation of mass murder"
Crime by Donna     November 22, 2022 1:32 pm (Rating: 0.0) Last comment by: oldedude (7 comments) [182 views]


Good news regarding Trump!
Religion by Donna     November 22, 2022 9:14 am (Rating: 0.0) Last comment by: Donna (32 comments) [568 views]


Government selectors, pages, etc.