The latest inflation data published Tuesday shows that the working class confronts months of immense hardships as wages lose their value in the face of rising living costs. The ruling class’s attempt to make the working class pay for the crisis of capitalism is driving workers into struggle across the world, including in the United States, where teachers, nurses, and possibly railroad workers are launching powerful strikes.
Surging cost of living in US drives class tensions to the breaking point
Tag: Consumer Price Index
Europe’s Coming Winter From Hell: Thanks for Your Sanctions War, Washington!
Europe’s impending depression is not to be discounted in terms of its relevance to this side of the Atlantic pond. Since the turn of the century, US exports to the European Union have soared from $12.3 billion per month to $30.4 billion. That latter amounts to $365 billion on an annual basis.
Needless to say, when European GDP descends into a double-digit slide, demand for US exports will plunge, causing declines in production and employment on this side of the Atlantic.
Europe’s Coming Winter From Hell: Thanks for Your Sanctions War, Washington!
Biden: July Inflation Was 0%. Actual July Inflation: 8.5%. Media: Eh, Close Enough.
In July, the price of eggs and milk went up. The price of fruits and vegetables went up. The price of new cars went up. Electricity cost more. Medical costs rose. Alcohol became more expensive. Rent went up.
Biden: July Inflation Was 0%. Actual July Inflation: 8.5%. Media: Eh, Close Enough.
The value of the federal minimum wage is at its lowest point in 66 years
The value of the federal minimum wage has reached its lowest point in 66 years, according to an EPI analysis of recently released Consumer Price Index (CPI) data. Accounting for price increases in June, the current federal minimum wage of $7.25 per hour is now worth less than at any point since February 1956. At that time, the federal minimum wage was 75 cents per hour, or $7.19 in June 2022 dollars.
The value of the federal minimum wage is at its lowest point in 66 years
Stop using the China ‘threat’ to throw more money at the Pentagon
Many want to increase already record high defense spending to confront Beijing. A new Quincy report lays out how the dangers are inflated.
Stop using the China ‘threat’ to throw more money at the Pentagon
Inflation Storm Devastates US Households As Fuel, Power And Food “Become Unaffordable”
The Inflation Crisis Of 2022 Is Now Worse Than Anything That We Experienced During The 1970s
Most Americans don’t realize this, but we truly have entered historic territory. As you will see below, the inflation crisis of 2022 has now escalated to a level that is beyond anything that we experienced during the horrible Jimmy Carter era of the 1970s. If you are old enough to have been alive back then, you probably remember the constant headlines about inflation. And you also probably remember that it seemed like the impotent administration in power in Washington was powerless to do anything about it. In other words, it was a lot like what we are going through today. Unfortunately for us, this new economic crisis is still only in the very early chapters.
The Inflation Crisis Of 2022 Is Now Worse Than Anything That We Experienced During The 1970s
US narrative won’t survive defeat in Donbass
Head To Your Local Gas Station or Supermarket To End the US Proxy War in Ukraine
Head To Your Local Gas Station or Supermarket To End the US Proxy War in Ukraine
To be clear the extraordinary 7.9% inflation increase predates the crisis in Ukraine although Joe Biden has attempted to blame it all on the thoroughly demonized Putin. But unless cause can come after effect, Joe has a tough argument to make there. However, it is clear that the war and the sanctions that go with it are accelerating inflation. (Today as this is written, the March figures for inflation were released showing consumer prices jumping to 8.5%, a 40 year high.)
…
It is clear that the public is very likely to oppose US sanctions on Russia and US involvement in Ukraine IF either proves to drive up gas prices, food prices and other items in an accelerated inflationary spiral.
Our strategy should be to link the inflation with prolonging a war in a faraway land which has little to do with US security and risks a nuclear confrontation with Russia.
We should have rallies opposing ALL US involvement in Ukraine by tying them to gas prices, food prices, rents and other items.
…
No weapons to Ukraine. No sanctions on the world. End the war and stop the inflation.
Nice idea, but good luck with it! The largest antiwar protests couldn’t even stop the Iraq War! 🤷🏼♀️
Ms. Cat’s Chronicles 
You must be logged in to post a comment.