The economic suffocation is returning more severely, as the new wave of price increases threatens to flatten consumers’ purchasing power. With wages stagnating and the prices of basic goods soaring, everyday life is turning into an endless struggle for survival. An uncontrolled increase in the cost of living is already at the gates, ready to …
Tag: wages
Americans face explosive price increases, an energy shock, and continued pressure on incomes
The US-Israeli choice to strike Iran leaves Americans facing explosive price increases, an energy shock and persistent pressure on incomes, in a development that threatens to turn into a widespread economic crisis. The US economy is heading towards a full-scale financial turmoil, as the latest data shows that inflation not only persists, but is accelerating …
How can Wages increase in practice?
Although nominal wages rose sharply in the 1980s, high inflation did not allow for an increase in real terms. Over the past decade, the average real wage has been on an upward trend, but then the Covid-19 pandemic and high inflation created strong pressures on incomes. The growth of economies today supports significant wage growth …
The Seven Causes-Sins That Trigger Inflation
Arrogance, jealousy, rage, laziness, greed, greed, lust. These are the seven deadly sins from which, if the sinner is not “cleansed”, he will be deprived (according to Dante) of Divine Grace and will be led to the eternal condemnation of his soul. What are the sins that the poor consumer pays today in all the …
Income Increases in the EU are Imperative
Due to the difficulties faced by households in coping with rising energy costs, EU member-countries’ governments have entered the process of supporting household electricity bills through a subsidy policy. Sure, such a policy – covering subsidized electricity increases – is a humanitarian benefit, but it is not enough, as it only covers part of the …