'But despite the fall in CPI, the figure is still historically high and needs to be seen in the context of stubborn core inflation, record wage inflation..'
-
Record wage growth and sticky inflation could push Bank of England base rate beyond 5.5 per cent, August 16, 2023
'..to offset severe impact of inflation..''The United Auto Workers is seeking a 46% wage increase over four years as a part of its negotiations with the Detroit Three automakers, according to a page of the union's written demands.
The proposal would be the largest pay increase in recent memory. The proposal from the Detroit-based union that represents approximately 150,000 workers making Chevrolets, Fords, Jeeps and more calls for a 20% general wage increase upon ratification of a new contract "to offset severe impact of inflation" over the past few years, according to the write-up obtained by The Detroit News.'
-
UAW demands 46% pay hike in talks with Detroit Three automakers, August 3, 2023
Context(Global Stagflation)(QE Was a Colossal Policy Mistake) - '..wage earners have to get a 14.8 per cent wage increase just to hold even with this kind of inflation..'(Global Stagflation) - ..A sticky inflation situation[Thomas Hoenig] has a Dire Warning About Where We’re Headed - '..Household Expense Data .. for 80 Years'