Kevin Pho, MD · @kevinmd
287 followers · 439 posts · Server med-mastodon.com
AdreanaLangston · @AdreanaInLB
37 followers · 352 posts · Server twit.social

purpose of causing a tranche of the work force into . Like that is not the quiet part. The Feds say that out loud and they call it "causing pain". Did I miss anything?

The Fed's WANT more unemployment because it will decrease worker bargaining power thus tamping down wage increases AFTER 30 years of . So far am I miss stating any of the points?

So this is the part where I get confused. MY take away from this is that what the "authorities" consider a well oiled

#unemployment #wagestagnation

Last updated 2 years ago

AutisticMumTo3 She/her · @AutisticMumTo3
95 followers · 1908 posts · Server union.place

Workers £11,000 worse off per year due to 15 years of wage stagnation | Morning Star

morningstaronline.co.uk/articl

#wagestagnation

Last updated 2 years ago

Miguel Afonso Caetano · @remixtures
313 followers · 779 posts · Server tldr.nettime.org

: "Fifteen years of wage stagnation has left British workers £11,000 worse off per year, according to research shared exclusively with BBC Panorama.

The figures come from the Resolution Foundation think tank, which focuses on low-to-middle income households.

It also found typical UK household incomes have fallen further behind those in Germany. In 2008, the gap was over £500 a year, now it is £4,000.

The Treasury says the UK economy is more resilient than many predicted.

In his Budget speech last week, Chancellor Jeremy Hunt acknowledged there is still enormous pressure on people's finances.

In recent months, wages have failed to keep up with rising costs, meaning that millions of Britons have, in effect, had a pay cut."

bbc.com/news/business-64970708

#uk #wagestagnation #inflation

Last updated 2 years ago

Netty · @drnetty
167 followers · 206 posts · Server mastodon.green

ECB confronts a cold reality: companies are cashing in on inflation | Reuters

Profits, not wages, are driving inflation in Europe. Has the Fed looked at this in Australia?

reuters.com/markets/europe/ecb

#inflation #wagestagnation

Last updated 2 years ago

John Earle · @Skembear
183 followers · 684 posts · Server mastodon.social