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Two Charts that Show Why So Many Americans Are So Angry About the Economy

Posted by Farmboy @ 16:12 on August 9, 2016  

“Over the full course of the recovery since the March 2009 bottom, CPI has risen by 13.3%, suppressed by the big fall in gasoline prices in 2014-15. Wages have risen by 15.7%. In those terms, real wages have increased by a total of 2.3% over 9 years. Woop de doo.  Even that tiny gain is suspect. If housing costs were accurately measured that apparent minuscule gain in real wages would be revealed to actually be a real decline in purchasing power. In spite of what economists say, wage gains are still not keeping pace with inflation.”

Two Charts that Show Why So Many Americans Are So Angry About the Economy

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.