Nearly half of American workers don’t earn enough to afford a one-bedroom (cont)
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Re: Nearly half of American workers don’t earn enough to afford a one-bedroom (cont)
#2Why don't they all just find new jobs?
Re: Nearly half of American workers don’t earn enough to afford a one-bedroom (cont)
#3Anyone who didn't get a 20% raise this year lost money. As the fed pumped cash, the stock market gains kept the rich from feeling the inflation that is being handed to everybody else with a bow on it.
For months everyone has naysayed the idea that money printing would have a negative effect, now just Google "inflation" news articles.
Re: Nearly half of American workers don’t earn enough to afford a one-bedroom (cont)
#4Anyone who didn't get a 20% raise this year lost money. As the fed pumped cash, the stock market gains kept the rich from feeling the inflation that is being handed to everybody else with a bow on it. For months everyone has naysayed the idea that money printing would have a negative effect, now just Google "inflation" news articles.
>Anyone who didn't get a 20% raise this year lost money.
but inflation (as measured by CPI) isn't anywhere close to 20%?
Re: Nearly half of American workers don’t earn enough to afford a one-bedroom (cont)
#5Anyone who didn't get a 20% raise this year lost money. As the fed pumped cash, the stock market gains kept the rich from feeling the inflation that is being handed to everybody else with a bow on it. For months everyone has naysayed the idea that money printing would have a negative effect, now just Google "inflation" news articles.
> Anyone who didn't get a 20% raise this year lost money
Inflation numbers that just came out measure year-over-year inflation at 5.4%. And last July we had artificially depressed demand during the pandemic.
Re: Nearly half of American workers don’t earn enough to afford a one-bedroom (cont)
#6Anyone who didn't get a 20% raise this year lost money. As the fed pumped cash, the stock market gains kept the rich from feeling the inflation that is being handed to everybody else with a bow on it. For months everyone has naysayed the idea that money printing would have a negative effect, now just Google "inflation" news articles.
It appears that it was like that for a while… S&P 500 had 4 out of 5 last years with at least 15% annual returns (2018 had negative returns).
Re: Nearly half of American workers don’t earn enough to afford a one-bedroom (cont)
#7Anyone who didn't get a 20% raise this year lost money. As the fed pumped cash, the stock market gains kept the rich from feeling the inflation that is being handed to everybody else with a bow on it. For months everyone has naysayed the idea that money printing would have a negative effect, now just Google "inflation" news articles.
>Anyone who didn't get a 20% raise this year lost money. but inflation (as measured by CPI) isn't anywhere close to 20%?
20% of dollars in circulation were printed in 2020 and the inflation is filtering down. Also inflation statistics are intentionally blurred. Look at housing prices or other individual metrics.
Re: Nearly half of American workers don’t earn enough to afford a one-bedroom (cont)
#8Anyone who didn't get a 20% raise this year lost money. As the fed pumped cash, the stock market gains kept the rich from feeling the inflation that is being handed to everybody else with a bow on it. For months everyone has naysayed the idea that money printing would have a negative effect, now just Google "inflation" news articles.
>Anyone who didn't get a 20% raise this year lost money. but inflation (as measured by CPI) isn't anywhere close to 20%?
Who needs facts when they have feelings?
Re: Nearly half of American workers don’t earn enough to afford a one-bedroom (cont)
#9Anyone who didn't get a 20% raise this year lost money. As the fed pumped cash, the stock market gains kept the rich from feeling the inflation that is being handed to everybody else with a bow on it. For months everyone has naysayed the idea that money printing would have a negative effect, now just Google "inflation" news articles.
>Anyone who didn't get a 20% raise this year lost money. but inflation (as measured by CPI) isn't anywhere close to 20%?
Housing prices across the board have jumped 40% on average -- in the past year. In the insane prop 13 fueled market that is california bay area increases are closer to 65% in the past year.
Re: Nearly half of American workers don’t earn enough to afford a one-bedroom (cont)
#10Earlier quoted context omitted.
>Anyone who didn't get a 20% raise this year lost money. but inflation (as measured by CPI) isn't anywhere close to 20%?
20% of dollars in circulation were printed in 2020 and the inflation is filtering down. Also inflation statistics are intentionally blurred. Look at housing prices or other individual metrics.
M2 money supply doesn’t correspond very closely with inflation. https://www.longtermtrends.net/m2-money-supply-vs-inflation/