The prospect of higher wages sounds like good news for layers of workers
previously on minimum wage levels or even below. But higher wages are a
monetary or prices illusion if at the same time prices for food and
other necessaries start to rise sharply. And they are. The official US
inflation rate hit 5% yoy in May. This was the highest reading since
August 2008. It’s the same story in the UK and Europe, even though the
level of inflation is only about 2% a year there, that rate is the
highest for over seven years.
https://thenextrecession.wordpress.com/2021/06/27/inflation-interest-rates-and-debt/
-=-=-=-=-=-=-=-=-=-=-=-
Groups.io Links: You receive all messages sent to this group.
View/Reply Online (#9482): https://groups.io/g/marxmail/message/9482
Mute This Topic: https://groups.io/mt/83822250/21656
-=-=-
POSTING RULES & NOTES
#1 YOU MUST clip all extraneous text when replying to a message.
#2 This mail-list, like most, is publicly & permanently archived.
#3 Subscribe and post under an alias if #2 is a concern.
#4 Do not exceed five posts a day.
-=-=-
Group Owner: [email protected]
Unsubscribe: https://groups.io/g/marxmail/leave/8674936/21656/1316126222/xyzzy
[[email protected]]
-=-=-=-=-=-=-=-=-=-=-=-
