Busy until Monday no posts until Tuesday 10/18/2022

 Open Thread. 


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Inflation tips. Cut out all spending you can now. When you have a few bucks and feel safe. You'll thank me.

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  A place for working class Whites to discuss the op thoughtfully. ‘The mood has turned darker’: Desperate to outrun inflation, people are changing their shopping habits. You can, too. Story by Andrew Keshner • Oct 17, 2022 We never were the same after last summer. Stubbornly high inflation rates in recent months and several interest-rate hikes by the Federal Reserve are impacting consumer behavior. That’s according to company earnings reports, market-data analytics and consumer surveys. Rattled by the rise in the cost of living in recent months, millions of people have already been taking action to conserve their cash, according to a recent McKinsey & Co. report that explored the ways people are trading down. “Whether it’s at gas pumps or in grocery stores, people across the United States have been feeling a pinch in their pocketbooks this summer,” it said. “Inflation is the highest it’s been in decades, and consumers are worried and jittery .” Sales at retailers fel...
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Ah real world numbers. Last fifty years have been same same.

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  A place for working class Whites to discuss the op thoughtfully. A $40 raise after 49 years on the job: The plight of male workers Opinion by Mark R. Rank, Opinion Contributor  •  Last month the Census Bureau released its latest income and poverty numbers. News outlets across the country reported the supplemental poverty rate dropping from 9.2 percent in 2020 to 7.8 percent in 2021. This was rightly hailed as evidence that the economic stimulus package and the refundable child tax credit could dramatically reduce poverty. Furthermore, recent numbers from the Bureau of Labor Statistics have indicated that workers’ wages have continued to grow in the past few months Yet overlooked amid this good news is one of the most damning and revealing federal statistics for workers in decades. Buried at the back of the  Income Census Report  is data showing the long-term trends in the annual earnings for full-time male and female workers. Expressed in 2021 do...
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