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Inflation erased U.S. income gains last year

(www.wsj.com)
177 points JumpCrisscross | 1 comments | 09 Sep 25 19:44 UTC | HN request time: 0.206s | source
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pavlov ◴[09 Sep 25 21:41 UTC] No.45189623[source]▶
This year both inflation and unemployment are going up, so it’s only getting worse.
replies(3): >>45189812 #>>45190675 #>>45191395 #
deepsun ◴[09 Sep 25 21:55 UTC] No.45189812[source]▶
And debt is going up as well.
replies(2): >>45189853 #>>45190029 #
estearum ◴[09 Sep 25 21:58 UTC] No.45189853[source]▶
On the plus side so is energy costs
replies(5): >>45190310 #>>45190326 #>>45190370 #>>45191084 #>>45191965 #
1. themafia ◴[09 Sep 25 22:35 UTC] No.45190310[source]▶
Which would all be fine if wages were being adjusted at the same rate inflation is. The American worker class and the ownership class drift further and further apart.