▲ 157 ▼ Monthly US consumer prices post first drop in four years as inflation subsides (www.reuters.com) submitted 2 years ago by fukhueson@lemmy.world to c/news@lemmy.world 32 comments fedilink hide all child comments
[–] fukhueson@lemmy.world [S] 9 points 2 years ago* (1 child) Yes, that's progress. Consumer price index falls 0.1% in June CPI increases 3.0% year-on-year Core CPI gains 0.1%; rises 3.3% year-on-year Weekly jobless claims fall 17,000 to 222,000 Continuing claims decline 4,000 to 1.852 million permalink fedilink source parent hideshow 2 child comments replies: [–] Addv4@lemmy.world 2 points 2 years ago (1 child) While that is a better trajectory, I do kind of have the mildly pessimistic view that a large part of the costs of good going down isn't truly a positive sign for inflation, but the market forcing prices down due to decreased spending. I'm luckily in a decent position financially (my bills are paid, rent, while not cheap, is paid on time), but the cost of pretty much everything has become so much higher with not much of an increase in earning. If the minimum wage were forced up it would probably help, but idk, every person I've talked (in person) about the issue with is pretty negative about the issue. permalink fedilink source parent hideshow 2 child comments replies: [–] fukhueson@lemmy.world [S] 0 points 2 years ago* Minimum wage has seen positive movement in 2024, granted not everywhere. And a federal would definitely help. https://www.epi.org/blog/twenty-two-states-will-increase-their-minimum-wages-on-january-1-raising-pay-for-nearly-10-million-workers/ On January 1, 22 states will increase their minimum wages, raising pay for an estimated 9.9 million workers. In total, workers will receive $6.95 billion in additional wages from state minimum wage increases. In addition, 38 cities and counties will increase their minimum wages on January 1 above their state’s wage floors, adding to the number of workers likely to see increased earnings. In the absence of federal action, states and localities continue to take the lead in advancing fairer wage floors via legislation, ballot measures, and automatic inflation adjustments. permalink fedilink source parent
[–] Addv4@lemmy.world 2 points 2 years ago (1 child) While that is a better trajectory, I do kind of have the mildly pessimistic view that a large part of the costs of good going down isn't truly a positive sign for inflation, but the market forcing prices down due to decreased spending. I'm luckily in a decent position financially (my bills are paid, rent, while not cheap, is paid on time), but the cost of pretty much everything has become so much higher with not much of an increase in earning. If the minimum wage were forced up it would probably help, but idk, every person I've talked (in person) about the issue with is pretty negative about the issue. permalink fedilink source parent hideshow 2 child comments replies: [–] fukhueson@lemmy.world [S] 0 points 2 years ago* Minimum wage has seen positive movement in 2024, granted not everywhere. And a federal would definitely help. https://www.epi.org/blog/twenty-two-states-will-increase-their-minimum-wages-on-january-1-raising-pay-for-nearly-10-million-workers/ On January 1, 22 states will increase their minimum wages, raising pay for an estimated 9.9 million workers. In total, workers will receive $6.95 billion in additional wages from state minimum wage increases. In addition, 38 cities and counties will increase their minimum wages on January 1 above their state’s wage floors, adding to the number of workers likely to see increased earnings. In the absence of federal action, states and localities continue to take the lead in advancing fairer wage floors via legislation, ballot measures, and automatic inflation adjustments. permalink fedilink source parent
[–] fukhueson@lemmy.world [S] 0 points 2 years ago* Minimum wage has seen positive movement in 2024, granted not everywhere. And a federal would definitely help. https://www.epi.org/blog/twenty-two-states-will-increase-their-minimum-wages-on-january-1-raising-pay-for-nearly-10-million-workers/ On January 1, 22 states will increase their minimum wages, raising pay for an estimated 9.9 million workers. In total, workers will receive $6.95 billion in additional wages from state minimum wage increases. In addition, 38 cities and counties will increase their minimum wages on January 1 above their state’s wage floors, adding to the number of workers likely to see increased earnings. In the absence of federal action, states and localities continue to take the lead in advancing fairer wage floors via legislation, ballot measures, and automatic inflation adjustments. permalink fedilink source parent