re: The cost of inflation: by time

quote:

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If you consider inflation to be 8.5% (as reported), then consider this.

In any given year, for people who work five days a week, there are 260 work days, not counting holidays and time off.

In order to have the purchasing power that you had last year, if you could, you'd have to work an additional 22 days and be paid for it at the same rate as you are being paid, now. It is like adding another full month of work days just to break even.

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quote:

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President Biden
@POTUS
I am sick and tired of trickle-down economics. It has never worked.

We're building an economy from the bottom up and middle out.

9:39 AM · Sep 20, 2022
The White House

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