Chart: Americans Suffer Pay Cut as Inflation Outpaces Wage Growth
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Video: S.Africa: SECESSION: The ONLY HOPE for Whites: My discussion with a Lawyer
Secession, secession, secession! This is the JET AIRCRAFT to Freedom for Whites in South Africa. Nothing else has the potential of this concept. Youll understand why I think this is the most awesome thing that anyone in South Africa can do. In this video youll hear a detailed discussion with my attorney who did a lot of legal work on secession along with other attorneys.
Despite the Fed’s most aggressive interest rate hike since 2000, consumer prices continued to surge in May, adding to fears that inflation may be out of control. According to the U.S. Bureau of Labor Statistics, the Consumer Price Index for All Urban Consumers (CPI-U) increased 8.6 percent over the last 12 months before seasonal adjustment, the highest reading since December 1981.
Low interest rates, Covid-related supply constraints and strong consumer spending partly fueled by generous stimulus checks had already put upward pressure on prices before Russia’s invasion of Ukraine. The war’s severe impact on fuel and food prices has further fanned the flames, turning an inflation scare into a global crisis.
As the following chart shows, inflation has now been outpacing nominal wage growth for 14 months straight, meaning that Americans can afford less than they could a year ago, despite wages rising on paper. While average hourly earnings climbed 5.2 percent from $30.36 to $31.95 over the past 12 months, consumer prices soared 8.5 percent on a seasonally adjusted basis, resulting in a three percent decline in real hourly earnings.
As anyone who has ever taken a pay cut knows, there are few things more discouraging than putting in the same amount of work in for less money, which is why it’s understandable that inflation is at the very top of many Americans’ list of concerns.
Pic: AWESOME MEME: 1934 Machine Guns When White Society was responsible Gun Laws
Whites have never been babies. We do many dangerous things without even thinking about it. In 1934, even a child could order a machinegun by mail order. There were zero school shootings back then.