/\ We (deplorables) have not yet learned our purchasing lessons. Available inventories will be funneled to the larger, Chinese supported outlets. If they aren't aleaady, Mom & Pop will soon become history.| Submit your comments on this article |
| Economy |
| Alarming Wage Report Not Being Discussed in Financial Media – Blue Collar Wages DECREASED in Third Quarter, While Inflation Skyrocketed |
| 2021-10-22 |
| [The Last Refuge] The Bureau of Labor Statistics (BLS) released the third quarter review of average weekly wages [Main Data Here]. The results of the year-over-year comparison should alarm everyone. This is a very serious data point that likely means we are in a recession, it just has not been quantified yet. By now, everyone knows the term "stagflation", which means a stagnant economy and large inflation (price increases), the easiest comparison is Jimmy Carter economic program in the 1970’s. However, let me assure you what this latest BLS release foretells is not that. This is far more serious than stagflation. I am not an alarmist, but I am encouraging everyone to take this economic data seriously. Weekly wages went up a sum total of seven bucks [$7/1,000 = 0.7%] year over year. THAT is ridiculously low. However, worse yet look at all the categories of workers who saw an actual decline in wages. This is not a decline in wage value, this is an actual decline in net wages earned. WAGES HAVE DROPPED ! This is not only saying wages are failing to keep up with inflation, that part is beyond obvious, the data shows actual declines in wages for full time workers. This is far more concerning, check that.... this is four alarm fire — running around the neighborhood naked and panicked level concerning... when you take actual declines in wages and factor in the September inflation numbers |
| Posted by:Ulaise Black8626 |
| #7 Mom & Pop = Domestic Proto-Terrorists |
| Posted by: Merrick Ferret 2021-10-22 09:24 |
| #6 /\ We (deplorables) have not yet learned our purchasing lessons. Available inventories will be funneled to the larger, Chinese supported outlets. If they aren't aleaady, Mom & Pop will soon become history. |
| Posted by: Besoeker 2021-10-22 09:13 |
| #5 ...in other words, small mom and pop business the government is keeping shuttered or for lack of supplies? |
| Posted by: Procopius2k 2021-10-22 08:48 |
| #4 I don't think you can properly infer seniority from this data. BTW, black women had a increase in wage rate while Asians, both women and men had significant declines This may be due to the industry they are in. For example, workers in nail salons, beauty shops and hair styling shops may be limited in the hours they are allowed to work or limited by how long they can wear a mask. |
| Posted by: Lord Garth 2021-10-22 00:57 |
| #3 Have to disagree. The senior workers would be predominantly white. The wage table shows that only whites slightly increased their wages. All other groups wages dropped. That is before inflation is taken into account. |
| Posted by: Ulaise Black8626 2021-10-22 00:38 |
| #2 Even tougher to measure once you factor in all the forced firings because of the vaccine mandate. The one angle on that I'll thoroughly enjoy - watching shitloads of state government 'workers' getting axed. |
| Posted by: Raj 2021-10-22 00:34 |
| #1 some of the decline in wages is because more senior and skilled workers are saying 'good by' to the work force hard to measure this |
| Posted by: Lord Garth 2021-10-22 00:30 |