While neoliberal economists misleadingly blame wages for inflation, in reality real global monthly wage growth is negative: it fell to -0.9% in the first half of 2022
Real wages have been decreasing, not increasing
archive.ph
Real wages have been decreasing, not increasing
archive.ph
Average real wage growth in North America fell to -3.2% in the first half of 2022
But US Federal Reserve chairman Jerome Powell keeps absurdly blaming wages for inflation, stating his goal is βto get wages down,β complaining workers have too much power
multipolarista.com
But US Federal Reserve chairman Jerome Powell keeps absurdly blaming wages for inflation, stating his goal is βto get wages down,β complaining workers have too much power
multipolarista.com
"Goods and services inflation has only been rising for the past couple of years. But we have had plenty of inflation in other areas, including asset prices, over the past few decades."
The average US mortgage payment is now 77% higher than in 2022
archive.ph
The average US mortgage payment is now 77% higher than in 2022
archive.ph
In the US, the median mortgage payment in 2023 is 77% higher than it was a year before
The bulk of that increase is due to higher interest rates
For those payments to return to where they were in 2023, home prices would need to drop by a staggering 45%
realtor.com
The bulk of that increase is due to higher interest rates
For those payments to return to where they were in 2023, home prices would need to drop by a staggering 45%
realtor.com
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