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Started By
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re: Average American family has now lost $6,000 in annual wages under Biden due to inflation
Posted on 10/14/22 at 5:40 pm to SoFla Tideroller
Posted on 10/14/22 at 5:40 pm to SoFla Tideroller
quote:
These are the dipshits whose solution to inflation was to pump trillions of dollars into the economy with the Inflation Reduction ( ) Act.
Anyone fooled by this deserves it.
I know these politicians understand what causes inflation, but they also know their rank and file constituents are stupid as frick.
It truly amazes me a people that are so proud of their education have such terrible knowledge of shite that matters.
0
Posted on 10/14/22 at 5:41 pm to stout
No more mean tweets
Posted on 10/14/22 at 5:44 pm to RogerTheShrubber
quote:
their wages also lost value.
Value OF WHAT? Purchasing power? Long-term growth? Time? Vs the average worker in another country?
This is spin.
This is from the Heritage Foundation website, from the article authored by EJ Antoni.
quote:
Consumer prices have risen 12.7% since January 2021, significantly faster than wages, so that the average American worker has lost $3,000 in annual purchasing power. Further, as the Federal Reserve implements tighter monetary policy to reduce inflation, interest rates are rising. Higher rates have in turn increased borrowing costs on mortgages, vehicle loans, credit cards, and more. The higher interest rates and borrowing costs have effectively reduced the average American’s purchasing power another $1,200 on an annualized basis.
This is what is on the Fox Business website, from the article authored by Thomas Catenacci.
quote:
The average American family has experienced a loss of roughly $6,000 in annual wages, thanks to inflation during President Biden's tenure, according to an analysis shared with FOX Business.
The analysis, conducted by economist and Heritage Foundation research fellow E.J. Antoni, showed that the average American worker has seen annual wages decrease by $3,000, meaning families have seen a loss of $6,000 in annual wages, thanks to high inflation. Antoni said the losses have had major impacts on families' earnings and quality of life as Americans struggle to pay for everyday items such as groceries and energy bills.
Catenacci is a lazy author that spun the original story to be more sensational.
Posted on 10/14/22 at 6:08 pm to Burt Reynolds
quote:
Burt Reynolds
How many shots are you up to now?
Posted on 10/14/22 at 6:31 pm to stout
Thank you to the Admin for moving this to the PT Board. Nothing about this was deserving of the O-T.
Posted on 10/14/22 at 6:34 pm to stout
It’s a lot more than $6k
Posted on 10/15/22 at 4:06 am to Bass Tiger
quote:
It’s a lot more than $6k
Food and transportation costs are going to be more than that for an average family.
Posted on 10/15/22 at 4:09 am to stout
$6000, well, I’m not average, at least… it’s so way more I could cry
Posted on 10/15/22 at 4:43 am to stout
Brandon will bring home that dude that plays for the Phoenix Mercury right before the midterms and all we be forgiven. The Dems are complete morons.
Posted on 10/15/22 at 5:07 am to newmexicotiger
We talking about the same Joe Biden here? Joseph Biden, the father of famous outlaw Hunter Biden, and President to these United States?
Naw he ain’t got that. I don’t believe. Now he might somehow make the situation worse. It’s just a matter of how much worse.
Naw he ain’t got that. I don’t believe. Now he might somehow make the situation worse. It’s just a matter of how much worse.
Posted on 10/15/22 at 5:59 am to H2O Tiger
quote:
If wages go up 5% but the cost of goods goes up 10%, you have a net loss. This is not difficult to understand.
In case you didn't know, Democrats have always been bad at math. The current crop is even worse. They live in a fantasy world where men can bear children and tranny's read books to children because they are worried about their education.
Posted on 10/15/22 at 6:07 am to RTRinTampa
I have lost 5 times that. Not to mention purchasing power decay.
This post was edited on 10/15/22 at 6:08 am
Posted on 10/15/22 at 10:09 am to ABearsFanNMS
quote:
Before you go call other people simpletons you may want to look in the mirror!
I did this morning. I look FANTASTIC!
Posted on 10/15/22 at 10:45 am to stout
Thanks Joe, you did that!
Posted on 10/15/22 at 12:14 pm to RogerTheShrubber
quote:
Before this thread, were you under the impression that Americans were not losing ground with almost double digit inflation?
He’s arguing semantics. Wages have not gone down, so he’s technically right. Why can’t you just enjoy your 5.1% raise?
Posted on 10/15/22 at 12:16 pm to stout
But I only lost a small amount of dollars since yesterday
Posted on 10/15/22 at 12:53 pm to RogerTheShrubber
quote:
Wages experienced negative inflation.
He doesn’t understand this term.
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