Workers' earnings adjusted for inflation declined 0.2 percent in July

[papau]

http://news.yahoo.com/s/ap/20050816/ap_on_bi_go_ec_fi/economy;_ylt=Ahiuq5gHkYba30tWzMkYoOZ34T0D;_ylu=X3oDMTBiMW04NW9mBHNlYwMlJVRPUCUl

July Inflation Jumps on Higher Gas Prices

WASHINGTON - Consumer prices shot up in July, reflecting higher prices for gasoline and other energy products while output at the nations' factories, mines and utilities slowed sharply.<snip>
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ALSO:CPI up 3.2 percent for the 12 months ended in July with Core prices up 2.1 percent year over year. Economists expected a 0.4 percent monthly increase. The cost of all goods(excludes services)increased 0.6 percent last month and are 3.2% higher than in July 2004 http://quote.bloomberg.com/apps/news?pid=10000006&sid=aQnXBRjrVDSc&refer=home

U.S. July Consumer Prices Rise 0.5%; Core Rises 0.1%. .

<snip>Workers' earnings adjusted for inflation declined 0.2 percent in July, the fourth drop in the last six months, after a 0.3 percent rise in June, the Labor Department said in a separate release. The June decrease suggests consumers have less spending power. <snip>

So far this year, consumer prices are rising at a 3.5 percent annual rate compared with a 3.9 percent increase at the same time last year. Core prices are rising at a 2.2 percent annual pace, down from a 2.3 percent rate in the first 7 months of 2004.
<snip>

Consumer prices are expected to rise 2.9 percent in 2005, up from a forecast last month of 2.7 percent, according to the same survey. That compares with a 3.3 percent increase last year, the most since 2000. <snip>

[oscar111]

1. DECLINING since '73

i have read that real wages began a decline in '73.

anyone else read that?

Reaganomics is a flop. Toss it.

Till Joe Sixpack learns that , we will never win an election.

[papau]

2. The Clinton bounce up has ended, and I believe 73 remains the

high point.

[Hidden Stillness]

3. Now You Can't Keep Up With the Price-Gouging Anymore

Remember also, that people on minimum wage--actually "maximum wage"--never get a raise unless Congress votes for it, (never happens anymore), or a City Council or other legislative body votes for a raise, (unlikely), and so they are locked into it. Meanwhile, there is a kind of hysterical price-gouging on a scale I can't ever remember, because when this has happened prior to the current era of corporate "government," it has been stopped by prosecuting such greedy corporations. It will not be stopped this time.

Now we will really find out what horrible standard of living all this lawless greed leads to, because there is no Roosevelt Administration, no Johnson Administration to stop it. People are actually at the stage now where they can't afford the gas to drive to work. What are we supposed to do?

[oscar111]

4. to do? live like Bangladesh: many families to 1 apt., carpool

in Tennessee, in the twenties, blacks lived two or more families to one apartment. {so i have read}. Seems to be happening soon, again.

Well written re, HiddenS.

Mexico is the goal of the GOP. the GOP has no need of any middle class. Engineers, and Managers can just get along on five percent more than the millions on minimum wage. An upper lower class, the remnants of the decimated middle class.