Do you feel poorer?

February 20, 2008
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Inflation is speeding up and wage growth is slowing down, the U.S. Bureau of Labor Statistics said this morning.

Blame rising oil prices for the inflation and the slowing economy for the sluggish wage growth, says the Economic Policy Institute, a Washington, D.C., think tank that tends to back Democrats.

Regardless of the reasons, the upshot is that the average American is falling behind.

Does this mesh with your experience?
  • Of course, all middle income people are falling behind. Most Indiana companies are handing out 1-3% annual salary increases. But most families are spending 5-7% more of their income. The only solution is to find alternative sources of fuel and spend less overseas. None of the Democrats or Republicans offer solutions for these problems. Barack Hussein, talks about change, but avoids explaining precisely what he would change. He gives and impressive speech, but it's much like a boy on his first date with a girl trying to smooth talk her. And, it appears a lot of Americans are acting like gullible teenage girls.
  • Tony, what do you perpose we do?
  • Wondering, what would I do? Get to flat-tax fast. Huckabee is right about this but not much else. Immediately ask all business to try to move to a voluntary 4 day work week with 10 hour days. This would immediately relieve oil pressures.
  • I think that Meijer was doing something like this last year for their grocery team. Sure, the hours were longer, but it free-ed up the schedule more for flexability for their employees and their (employees) vehicle gas bills. The only down side is, Do we count the extra two hours as over time (1.5* hourly pay for 2 hours)? If so, that does create a trickling effect down the line for the profitability of the company if they have those who are hourly paid doing the extra time. I love the idea up front, but we must also think about how many hours are we going to get paid before we get overtime to cut down all costs?
  • i will say, a 4-day work week would be awesome...i wish more employers would offer this as an option.

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