COLA is a 33 cent adjustment to top scale

[Wontmake9.5]

There's lots of people making big money they're still living paycheck to pay check

well that their fault. I won’t lose any sleep over that.

 

[No1 Special]

Major difference is the current employment numbers. Double digit unemployment in the early 80s and near 3% now. In the 80s once the unemployment numbers started to improve the hourly earnings bottomed out. The hourly earnings are at a record pace over the past 14 months. No two events are identical, can only hope to learn from each one.

Yea your are right about the unemployment back in the 80's. A high school kid couldn't find a job at a fast food restaurant because the responsible adults were filling all the positions to put food on the table and try to make the house payment.

 

[What'dyabringmetoday???]

Right wing propaganda film. Do you really believe any of that garbage?

I'm glad things are better for you than a couple years ago. The rest of us don't have that luxury.

 

[Up In Smoke]

I'm glad things are better for you than a couple years ago. The rest of us don't have that luxury.

Here's what I don't understand. People complain when our government runs massive debts (28 trillion over the last 20 years). But when the Fed announces last year that they will attempt to raise rates and reduce it's balance sheet people are mad because the market has adjusted and things are more expensive. Either you want the government to control our economy and support every industry or GTF out of the way and let capitalism run it's course. If people were living check to check when we were running 2 trillion dollar yearly deficits, then yes, things are going to be more difficult going forward.

 

[Red Devil]

Here's what I don't understand. People complain when our government runs massive debts (28 trillion over the last 20 years). But when the Fed announces last year that they will attempt to raise rates and reduce it's balance sheet people are mad because the market has adjusted and things are more expensive. Either you want the government to control our economy and support every industry or GTF out of the way and let capitalism run it's course. If people were living check to check when we were running 2 trillion dollar yearly deficits, then yes, things are going to be more difficult going forward.

Nobody knows what they want. They just want to complain

 

[Jkloc420]

Here's what I don't understand. People complain when our government runs massive debts (28 trillion over the last 20 years). But when the Fed announces last year that they will attempt to raise rates and reduce it's balance sheet people are mad because the market has adjusted and things are more expensive. Either you want the government to control our economy and support every industry or GTF out of the way and let capitalism run it's course. If people were living check to check when we were running 2 trillion dollar yearly deficits, then yes, things are going to be more difficult going forward.

More expensive, inflation isn't even at its normal rate of 2 percent

 

[Jkloc420]

Nobody knows what they want. They just want to complain

You want raises but you don't want inflation to eat it all way

 

[Up In Smoke]

You want raises but you don't want inflation to eat it all way

So you want the government to be the stop gap? Wages are one of the leading inflation factors.

 

[Jkloc420]

So you want the government to be the stop gap? Wages are one of the leading inflation factors.

Inflation is supposed to be at a 2 percent level

 

[Up In Smoke]

Yes, 2% would be great, but when wages accelerated in April of 2021 and every company had to adjust cost structures to prepare for the inflation to follow. Wages drive the cost of most all goods and services.

 

[zubenelgenubi]

Here's what I don't understand. People complain when our government runs massive debts (28 trillion over the last 20 years). But when the Fed announces last year that they will attempt to raise rates and reduce it's balance sheet people are mad because the market has adjusted and things are more expensive. Either you want the government to control our economy and support every industry or GTF out of the way and let capitalism run it's course. If people were living check to check when we were running 2 trillion dollar yearly deficits, then yes, things are going to be more difficult going forward.

All the people who don't like the debt want to see the FED ended. You shouldn't conflate what different groups of people want.

 

[What'dyabringmetoday???]

Here's what I don't understand. People complain when our government runs massive debts (28 trillion over the last 20 years). But when the Fed announces last year that they will attempt to raise rates and reduce it's balance sheet people are mad because the market has adjusted and things are more expensive. Either you want the government to control our economy and support every industry or GTF out of the way and let capitalism run it's course. If people were living check to check when we were running 2 trillion dollar yearly deficits, then yes, things are going to be more difficult going forward.

Ok thanks. I have new perspective- I hope gas goes to ten dollars per gallon. And I hope groceries triple in price. I see more clearly now.

 

[...]

You want raises but you don't want inflation to eat it all way

2% isn't even the normal rate, it's the target rate.

Ideally it would be zero or less.

 

[Swanson]

So if a pt worker is making 15.33 right now. Going up to 15.83 August 1st will get 16.65 with the new cola raise?

 

[IVE GOTTA PACKAGE 4U]

2% isn't even the normal rate, it's the target rate.

Ideally it would be zero or less.

That is incorrect

 

[NAHimGOOD]

So if a pt worker is making 15.33 right now. Going up to 15.83 August 1st will get 16.65 with the new cola raise?

Mmmmmmm

Yes yes

 

[IVE GOTTA PACKAGE 4U]

So if a pt worker is making 15.33 right now. Going up to 15.83 August 1st will get 16.65 with the new cola raise?

Sounds like you got the cost of living adjustment raise last year so, if that's the case I guess the answer would be yes

 

[...]

That is incorrect

No it's not.

 

[IVE GOTTA PACKAGE 4U]

No it's not.

Yes it is you do not want deflation.
You want to controlled inflation environment or you'll be stuck like Japan has been for last 30 years

 

[...]

Yes it is you do not want deflation.
You want to controlled inflation environment or you'll be stuck like Japan has been for last 30 years

Japan ended up where they are by printing money just like we have been. We're literally becoming like Japan is right now. Lmfao