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Johnny2X2X

(19,416 posts)

31. Actually

Reply to Igel (Reply #29)

Thu Apr 11, 2024, 07:47 PM

Apr 11

The people at the low end of the wage scale have seen the biggest raises. The lowest wage workers saw wage growth in excess of inflation throughout, even when inflation was 9%, wage growth was 12% for low wage earners.

Basically people making $12 and $13 an hour got jobs making $17 and $18 an hour.

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32 replies

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Highlight:

Consumer prices rose 3.5% from a year ago in March, more than expected [View all] BumRushDaShow Apr 10 OP

Flipped the stock futures from green to red NewHendoLib Apr 10 #1

The Federal Reserve needs to jack up interest rates some more. James48 Apr 10 #2

Disagree Johnny2X2X Apr 10 #5

Fed is too weak and too late to the inflation fight, as usual, as per the 1970s bucolic_frolic Apr 10 #3

Graphs: *CORE* CPI month by month and rolling 3 month average. EDIT: and regular CPI. And PCE core and regular progree Apr 10 #4

Thanks and good morning! BumRushDaShow Apr 10 #6

I've been hearing that since about September 2022 -- a year and a half ago -- progree Apr 10 #9

They have been "predicting" although I did see articles where there are some small drops BumRushDaShow Apr 10 #10

It was back in September 2022 and many times I've looked at the news since all these many months progree Apr 10 #12

AND BumRushDaShow Apr 10 #13

Fed weighs PCE even more Johnny2X2X Apr 10 #8

I added PCE and Core PCE to my assemblage of graphs in my #4 above progree Apr 10 #18

On average. Igel Apr 11 #29

Actually Johnny2X2X Apr 11 #31

Well, any such thing should DAMNED well include energy The Mouth Apr 10 #19

I'm showing graphs in #4 that include food and energy (the regular headline numbers) and the ones without it (core) progree Apr 10 #21

Thanks The Mouth Apr 11 #24

And thank you. I hate inflation too -- I was a young adult in the late 70's early 80's great inflation progree Apr 11 #25

I watched it wipe out my family's savings and future The Mouth Apr 11 #27

The business media and the GQP want us to crap our pants moniss Apr 10 #7

They are trying to equate "3.5%" being as bad as "9%" BumRushDaShow Apr 10 #11

I'm surprised it was that low hueymahl Apr 10 #14

I believe that's because what we feel is cumulative as opposed to a discrete point. When I buy groceries, my natural 24601 Apr 10 #17

In your example above, a 32% price increase over 3 years would indicate higher than reported inflation in 1/3 years SpicyBoi Apr 10 #22

We all have our own benchmark items we pay attention to. For some it's milk & eggs. For others, it's a gallon of gas. 24601 Apr 10 #23

In my world it's GASOLINE and ELECTRICITY The Mouth Apr 11 #28

The economy isn't that bad if people keep buying stuff IronLionZion Apr 10 #15

Nope. Igel Apr 11 #30

Costco style bulk purchasing is very American IronLionZion Apr 11 #32

Looking at CNBC.... Turbineguy Apr 10 #16

Email 'Mistake' on Inflation Data Prompts Questions on What Is Shared mahatmakanejeeves Apr 10 #20

Laissez-Faire Marthe48 Apr 11 #26