People across the country remain “deeply dissatisfied” with the state of the economy even as the rate of inflation declines. Amara Omeokwe, an economics reporter with The Wall Street Journal, shares her latest reporting on why consumers remain angry.
#news #economy #inflation
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It doesn't matter if inflation is going down, what matters is year over year compounding inflation from the years prior that have wildly reduced purchasing power. It would take years or even decades of wages outpacing inflation to undo the damage and get us back to where we were in 2019 in regards to purchasing power. This is like 5th grade math by the way, I don't understand why news outlets pretend like they don't understand it.
Bidenomic’s!
This is what happens when you elect a root cellar vegetable as President…….😱
No kidding really? We needed a news segment about this?
keep raising prices so we can pay employees a $15 an hour living wage!
Customers: Pay employees a living wage!
Customers: I'm mad now cause I have to pay my employees a living wage now too!
Paying higher wages shouldn’t be an excuse for inflated prices because if that were the case we were better off with our lower wages! Businesses are too greedy and want to keep their profit margins as wide as possible so they refuse to absorb the cost and try to pass it on their consumers which is not good practice in the long run. One of the pool companies we hire for maintenance raised their prices and we asked why. Their excuse was increase material supplies and paying their employees for vacation! I understand the material supplies but why is it my responsibility as the consumer to pay for your workers vacation hours? We are planning on switching companies and will NOT refer his business to anyone we know and may share this negative experience if anyone asked us about their business!
But didn’t Biden just give ISRAEL another 8 BILLION dollars?
Bidenomic, keep voting for those democats!!!!!!!!
The media, CBS, ABC, NBC, and MSNBC are the lapdog of the government. Whatever you hear from them is propaganda classical they push an agenda that most people would vote against if they were able to and they had a discerning mind. Why don’t you Cbs be the watchdog of the government. If you guys would do your job properly and investigate both sides of the aisle instead of picking your agenda, we would be a lot better off as a country. Do you remember when Obama said what do I have a magic wand Trump had the magic wand and he unleashed business in the United States. Cost were much lower for many things, I believe either you guys are totally corrupt or just evil we could be producing all the natural gas and oil that we need and export it to the world but instead, we rely on China and Saudi Arabia, trying to make sure things they have no quality control. They have no environmental controls so we’re allowing them to pollute their land worse almost uninhabitable.
Bidenomics!! 😂
This is the new normal. These are the new prices. Get used to it.
The reality is that these related elites want everything while we starve.
Making excuses for why prices are so high… real reason: GREED.
At least eggs are cheap now.
….and on tonight's breaking news. Companies are having record profits.
Smh…. yeah… all smoke and mirrors.
Nobody cares about what the media thinks anymore because everything you speak is a lie and was written by the trillionaires who own every media outlet because they will fire you if you speak the truth and your going to hell for allowing them to control your life with fear
Bleach is 6 bucks…cmon…
The Biden administration is a complete disgrace.
Isn't bidenomics great ðŸ‘
It's amazing how people still don't understand how inflation works. Guess they didn't pay attention in Economics class in high school 😮