#shorts
A poll conducted by Bankrate.com shows a largely pessimistic outlook for wages in 2023, as inflation continues to cause concerns. Bankrate.com Chief Financial Analyst Greg McBride explains in this segment from December 19, 2022.
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The economic outlook for 2023 is looking increasingly grim, as the effects of ongoing inflation continue to take their toll on wages. As the cost of living rises, wages have been unable to keep up, leaving many workers struggling to make ends meet.
The current inflation rate is at its highest level in over a decade, with the cost of living increasing by more than 4 percent in the past year. This is putting a strain on wages, which have only increased by an average of 2.6 percent in the past year. With wages unable to keep up with the rising cost of living, many workers are finding it increasingly difficult to make ends meet.
This wage stagnation has been compounded by the recent economic recession, which has caused many businesses to cut back on wages and benefits. This has resulted in a decrease in the purchasing power of workers, as their wages are not able to cover the rising cost of living.
The outlook for 2023 is not looking any better, as the current inflation rate is expected to remain high. This means that wages will continue to struggle to keep up with the cost of living, leaving workers with less money to spend on necessities.
The situation is particularly dire for low-income workers, who are already struggling to make ends meet. With wages unable to keep up with inflation, they are facing an even greater struggle to make ends meet in 2023.
The outlook for 2023 is bleak, and it is likely that wages will continue to lag behind the cost of living. This will leave many workers struggling to make ends meet, and could lead to increased poverty and inequality. It is essential that policymakers take action to address this issue, so that workers can have the financial security they need in order to support themselves and their families.
Corporate gouging
That’s good as it will crush demand, bringing inflation down by 2023 end
a 2.4 quadrillion $ derivatives chain is the problem. WS gone wild with naked shorting
As long as Brandon borrows future money to hand out, inflation has to rise to cover the debt.
It is how money is created/injected into the system by the money changers . We are on a debt/wealth based currency, more debt=more wealth=more inflation. Less debt=less wealth=less inflation. We are now entering or have been in the in between stagflation period.
Less debt=no wealth=higher inflation and we will stay here until the interest rate is higher than the inflation rate for a extended period of time. If you are dependent a wage and have no other form of a asset based income. Good luck. Start buying assets. Wages are going to be sticky for a long time. The sooner it crashes at this point, the sooner it will get better.
Eggs are like 10 dollars a carton… are wages going to go up 100% as well…?
Build back better?