The real inflation rate,and how you pay more tax.

Y’all are too funny. Of course you’re making more now than you did 3 years ago. Your wages are always supposed to go up! If you’re not getting annual raises you’re doing something really wrong. That’s not indicative of average wages though. Is someone in the position you were in 3 years ago, with the same experience level you had back then making more now?? That’s how it works.

Now for me, I’ve been in hospitals a long time. Prior to 08 the standard was 5% a year. Now we’re lucky to get 3%. It was 2 for a while, now it’s 3. Yay. Which means we haven’t kept up with inflation.

Now, the largest work sector in the country is floor sales people. Think they’re getting 5%? Doubtful. That’s hospitals and all floor sales and point of sale folks.... that’s probably close to the majority of the working nation right there. That’s the vast majority of people you interact with on your day to day.

Are tech people making more money? Probably. Bankers? Not the tellers and lay workers. Mechanics? Probably not. Wall Street people, execs and management, techies, and entrepreneurs, are probably the only people making more. Yay for that 5% that’s doing better. Farmers sure aren’t. Factory workers. The vast majority of trump voters, blue collar low wage workers are all falling behind inflation. We have the smallest real middle class in the last 50-60 years.

And at a time when they’re all making less, they all have much more debt.

a reply to: pexx421

what matters is the amount of hours worked measured against the purchasing power of those hours, won't see much of that math happening though with these people

they are using the mainstream government data to formulate their perspective, not a lot of thinking happening there

a reply to: toysforadults

The math's alone suggest its reaching an end game. Their only way out is for central banks to accumulate as much gold as possible at the super cheap fire sale price, which they are doing, and then after the chaos revalue it. If your running a Fiat currency, its value base is on your economic performance . We know that the world slowdown in economic activity is reaching a terminal phase, this has to affect a fiat currencies buying power.

a reply to: toysforadults

Right. For them it’s all “I’m doing great, gdp is up, and the stock markets booming, so everyone else must be doing great” ignoring all social statistics and the common fall of empire patterns that are afflicting is. As if it’s realistic that a nation doing well has all the prisoners, poverty, debt, suicide, addiction, etc that we have. Or it’s all lies.

a reply to: pexx421

The original share market was the Corn Exchange, I think it was Hershel who realized If the Corn futures were linked to Sun spot activity, the harvest could be predicted with enough accuracy to make a buck. This year as we enter Grand Solar minimum its been a disaster, late planting and constant rain. The real share market has crashed, just as it should have done. But the engineered one is still responding well to the Q.E. If This effect with sunspot activity and food production has been known since Hershel's time it must be a science by now. Full Glaciation it has been shown from the Greenland and Antarctic ice cores can have an onset of fifty years, With record cold now down to North Texas and Florida, consider what will happen if all that rain turns to snow. If this is a dim possibility, it would be necessary to talk about anything else to stop widespread panic. I cant think of any other reason for, a global scam like a warming climate, because when the truth is evident, basically its to late.