Reply to U.S. Annual Inflation rose to 6.8% in November

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]For people still babbling about wonderful wage gains:

Frontline workers are getting raises, but inflation is whittling the gains to "pennies"
https://www.cbsnews.com/news/inflation-real-wages-raises-workers/

[/quote]

So...a net gain?

Please explain to me how this is worse than no inflation and no gain?[/quote]

You didn't read the article, did you?

"Kroger in October lifted its average hourly wage to $16.25, a boost of $1.25 from its prior average rate. But a Kroger grocery worker these days would have to earn $16.08 an hour to have the same purchasing power as someone earning $15 an hour before the pandemic, Brookings found." In short, the real increase is pennies per hour. Wow. Amazing!

Then there is also: "Many of the hardest-hit are people who work in professional and business services — white collar jobs such as accountants and architects — who saw their wages rise 5.7% in November, compared with a year earlier. But inflation outpaced that, with a 6.8% increase during that same time."

Spin that as much as you want. You can be like Kroger, who protested the Brookings finding by claiming the "real" pay was closer to $21 a hour when factoring in "benefits" like "continuing education and tuition reimbursement, training and development, health and wellness, and retirement benefits." Um. Cool. Those benefits are going to pay the rent and put food on the table! [/quote]

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