On the recordSeptember 21, 2022
Recent wage hikes have not kept up with inflation. Most workers' paychecks are shrinking in terms of real purchasing power.
Said by
Robert Reich
Source
congress.govRecent wage hikes have not kept up with inflation. Most workers' paychecks are shrinking in terms of real purchasing power.
Wages are not driving inflation; they are actually reducing inflationary pressures.
Share
More from Robert Reich
We’ve got to have a Democratic Party that is not afraid, that doesn’t take big money, that says to big corporations and Wall Street, 'Too bad. We are going to represent the people.'
Next year, Americans will see the biggest jump in health insurance costs in 15 years.
We’re not going to tolerate taking money from Medicaid, and food stamps, and nutrition, and possibly from Medicare as well, to give a big tax cut to the richest people in America when they’ve never been as rich.
He’s exactly right. And this is a time for people to say, 'No,' in a very mass way.