Tuesday, April 12, 2022

8.5%? Not If You're an "Urban Worker"

Well, well, well.  For some reason or other, the BidenšŸ¤” Administration didn't mention this.

...Food is up a solid 10% over the last 12 months, energy is up a whopping 32% with fuel oil being up 71% (sucks to be you in the NE) and piped gas up 21.6%, electrical power is up 11% as well (so much for "green" anything) and there is zero evidence of used cars and trucks coming down as new vehicle prices are shooting the moon as well.

For urban workers its even worse; their weighting is different and there its up 9.4% over the last 12 monthswildly outstripping wage gains.  Since these are clerical workers and other relatively lower-wage jobs its especially punishing if you live in a high-tax, high-cost area.  ...

"Urban worker" means clericals, laborers, and other not-highly-skilled workers.  Those are the people who can afford this the least.

Let's Go, Brandon!!

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