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Inflation Outpaces Wage Growth For Over 40% Of Americans (www.forbes.com)

submitted 4 days ago by cm0002@lemmy.world to c/usa@midwest.social

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[–] aramis87@fedia.io 27 points 4 days ago (2 children)

15% tariffs (which seem to be what he's settling on) mean prices will increase about 15% over the next year (some companies will eat some of the tariffs, some will use them as an excuse to price-gouge). And absolutely no one is getting a 15% raise except the bosses.

[–] DarkFuture@lemmy.world 20 points 4 days ago (2 children)

some companies will eat some of the tariffs

Lol.

[–] Taldan@lemmy.world 3 points 3 days ago

Many are for now. Long-term I don't expect any company will accept lower profits. Means a whole lot of that tariff inflation is still looming for the consumer

[–] Bluefalcon@discuss.tchncs.de 4 points 3 days ago

They"ll eat them just so they can shit down our throats. Cycle of corrupt economics.