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Worker productivity fell 7.5% in the first quarter, the fastest decline since 1947.
At the same time, labor costs as measured against productivity soared 11.6%, bringing the increase over the past four quarters to 7.2%, the fastest rise in about 40 years.
Weekly jobless claims increased to 200,000, well above the Wall Street estimate.
Where I live, the bread lines are already forming. Unemployment has hit 15% and inflation is nearing 28%. I just paid $8 for a loaf of bread, and my boss tells me half the company will be laid off next month.
This is hilarious. The OP hasn't the slightest clue what he's talking about. He doesn't even realize it, but he's actually COMPLAINING about rising wages!
Where I live, the bread lines are already forming. Unemployment has hit 15% and inflation is nearing 28%. I just paid $8 for a loaf of bread, and my boss tells me half the company will be laid off next month.
This is hilarious. The OP hasn't the slightest clue what he's talking about. He doesn't even realize it, but he's actually COMPLAINING about rising wages!
Some of you are just getting more obvious with the nonsense.
Who cares about rising wages if you can buy less with the money you have.
This is hilarious. The OP hasn't the slightest clue what he's talking about. He doesn't even realize it, but he's actually COMPLAINING about rising wages!
Inflation is crushing any puny wage gains. Where are you getting your news from that you are this optimistic? A Prozac prescription perhaps? Mornings with Jack Daniels??? Even the optimistic news sources that are pro democrat are not putting up many rosy articles. We've had a couple lefties here telling/trolling us that we should have bought at the Biden top, and now anyone that followed their investment advice is in a world of hurt. I think you folks should quit while you're only a little behind, instead of when the big fall happens.
This is hilarious. The OP hasn't the slightest clue what he's talking about. He doesn't even realize it, but he's actually COMPLAINING about rising wages!
Real wages are falling. While wages go up, Bidenflation is going up faster. People are falling behind in the end.
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