With the U.S. annual inflation rate at a 30-year high, economists and market analysts are spotlighting the expanding financial divide between corporations and their employees. In today’s inflationary environment, large companies are reporting greater profits and revenues. At the same time, Americans have witnessed all their wage gains from over the last 12 to 15 months eliminated. For many workers, real wages are down in multiple sectors of the United States economy. As the Omicron variant climbs to the top of the list of concerns for consumers, investors, and policymakers, the country has ostensibly given up on inflation being a transitory event. Federal Reserve Chair Jerome Powell retired the word “transitory” during an appearance in Congress on Tuesday. The University of Michigan’s consumer sentiment fell in November, while inflation expectations for the next one and five years remained high. In addition, the number of S&P 500 companies citing “inflation” on …
-
Recent Posts
-
Archives
- May 2025
- April 2025
- July 2023
- June 2023
- May 2023
- April 2023
- March 2023
- February 2023
- January 2023
- December 2022
- November 2022
- October 2022
- September 2022
- August 2022
- July 2022
- June 2022
- May 2022
- April 2022
- March 2022
- February 2022
- January 2022
- December 2021
- November 2021
- October 2021
- September 2021
- August 2021
- July 2021
- June 2021
- May 2021
- April 2021
- March 2021
- February 2021
- January 2021
- December 2020
- September 2013
- July 2013
- March 2013
- January 2013
- December 2012
- November 2012
- December 1
-
Meta