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The Bob Cesca Podcast: Mr. Short Term Memory

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Jay C1/19/2022 9:55:33 am PST

re: #185 jaunte

“…Another advantage of the Biden economic and employment boom is that the greatest benefits are going to people with less education and lower earnings. Data collected by the Federal Reserve Bank of Atlanta shows that for the first time in decades, median hourly wages and salaries in 2021 increased faster among Americans with high school diplomas or some college but no degree. Similarly, median hourly wages or salaries in 2021 increased most rapidly among working Americans in the lowest earnings quartile.

“…Across most of the economy, wage gains in 2021 lagged the sudden onset of inflation: Overall, they were up by 4.6 percent before inflation and down 2.1 percent after inflation. But for regular workers in those two industries—everyone but managers and professionals—inflation-adjusted hourly wages rose by 7.6 percent in food services found and accommodations and remained steady in retail.”

Yeah, but Rita Reporter from TV Nooz 86 found some empty shelves of cream cheese at the local Piggly Wiggly, so the stock line that will be aired is that it’s 1932 redux…..