Could be.
More and more Americans turning to second even third jobs
- Thread starter PhilFish
- Start date
ObamacareForever
Senator
"We need five years of unemployment above 5% to contain inflation -- in other words, we need two years of 7.5% unemployment or five years of 6% unemployment or one year of 10% unemployment,” said Summers said in a speech in London Monday. “There are numbers that are remarkably discouraging relative to the Fed Reserve view.”
https://www.bloomberg.com/news/articles/2022-06-20/summers-says-us-needs-5-jobless-rate-for-five-years-to-ease-cpi
I would better off for the next 30 years if they just left interest rates near zero and let inflation run wild.
Yes.people who thought ahead are well positioned
Bugsy McGurk
President
Your premise seems shaky. Haven’t wages increased on pace with inflation? If so, why do more people need multiple jobs due to inflation?
An Amazon worker making $15.75 an hour took a second job and is still having trouble paying for gas, as a record number of Americans are working 70-hour weeks to deal with inflation
Inflation is forcing many into second jobs, the Washington Post reports. BLS data shows a record number of Americans hold two full-time jobs.www.google.com
Inflation it's driving Americans to seek out second and third jobs to make ends meet
Wage growth has been dampening inflation all along—and has slowed even more recently
Yesterday's inflation data for April 2022 was a mixed bag but had some encouraging seeds in it. Measured year-over-year, overall and core inflation (inflation minus the influence of volatile food and energy prices) both ticked down slightly. Measured just over the past month, the overall index...
www.epi.org
Bugsy McGurk
President
Is there some portion of that lengthy article addressing my point, in your judgment?.Wage growth has been dampening inflation all along—and has slowed even more recently
Yesterday's inflation data for April 2022 was a mixed bag but had some encouraging seeds in it. Measured year-over-year, overall and core inflation (inflation minus the influence of volatile food and energy prices) both ticked down slightly. Measured just over the past month, the overall index...
ObamacareForever
Senator
Like all those people who are taking on two and three jobs because they know winter is a coming.
Can't read fast? Not my problem. I believe segments of it are highlighted
Possibly.
ObamacareForever
Senator
That's not a very hawt take.
It's about right depending on their needs
RickWA
Snagglesooth
Of course, statistically, wage growth has tracked NOWHERE NEAR inflation rates. We are WAYYY upside down on that. These idiotic propagandists are NO different than the bots you mods constantly battle…you just seem to abide the disinformation campaigns depending upon which HQ they are emanating from.
I have the tyke stats..facts .. poof. Gone.Of course, statistically, wage growth has tracked NOWHERE NEAR inflation rates. We are WAYYY upside down on that. These idiotic propagandists are NO different than the bots you mods constantly battle…you just seem to abide the disinformation campaigns depending upon which HQ they are emanating from.
RickWA
Snagglesooth
No worries. Additional invention is well underway. These guys are the Elias Howe, Robert Fulton, Henry Ford, and Eli Whitney of DNC State Propaganda…
Bugsy McGurk
President
I read very fast, but I don’t read minds. I have no idea what portion of the lengthy article you rely upon for your premise. Seems off-topic to me.
Bugsy McGurk
President
Gotta link, perchance?Of course, statistically, wage growth has tracked NOWHERE NEAR inflation rates. We are WAYYY upside down on that. These idiotic propagandists are NO different than the bots you mods constantly battle…you just seem to abide the disinformation campaigns depending upon which HQ they are emanating from.
No?
RickWA
Snagglesooth
Hahaha! Good one. Bugsy hails from Botswana.
I addressed your post to me with the reference. Sections are highlighted
Bugsy McGurk
President
I think you’re lying again. Check this out…
“Summary: We estimate that increases in wage earnings in 2021 offset the higher cost of living due to inflation for most households with incomes between $20,000 and $100,000. Higher-income households saw their earnings rise by more than their cost of living, while the lowest-income households (below $20,000) saw their earnings rise by only one third of their increase in cost of living.
Did Wages Keep Up With Inflation in 2021? — Penn Wharton Budget Model
We estimate that increases in wage earnings in 2021 offset the higher cost of living due to inflation for most households with incomes between $20,000 and $100,000. Higher-income households saw their earnings rise by more than their cost of living, while the lowest-income households (below $20,000)
budgetmodel.wharton.upenn.edu
From Wharton. Do you surrender?
RickWA
Snagglesooth
That, of course, excludes VAST SWATHS of commerce items (by design). Ever the leftybot propagandist hack. How awful for you.I think you’re lying again. Check this out…
“Summary: We estimate that increases in wage earnings in 2021 offset the higher cost of living due to inflation for most households with incomes between $20,000 and $100,000. Higher-income households saw their earnings rise by more than their cost of living, while the lowest-income households (below $20,000) saw their earnings rise by only one third of their increase in cost of living.
Did Wages Keep Up With Inflation in 2021? — Penn Wharton Budget Model
We estimate that increases in wage earnings in 2021 offset the higher cost of living due to inflation for most households with incomes between $20,000 and $100,000. Higher-income households saw their earnings rise by more than their cost of living, while the lowest-income households (below $20,000)
From Wharton. Do you surrender?
