Tag: cost of living

Commentary: (Not) Sorry Democrats, Abortion Won’t Save You

Admin

The desperate attempts by the White House, congressional Democrats, and the corporate media to refocus voter attention on abortion rather than inflation are failing. Most reputable polls show that the electorate is far more concerned about mismanagement of the economy by President Biden and his collaborators in Congress than about threats to reproductive rights posed by “MAGA Republicans.” Contrary to Democratic hopes, November won’t be about abortion vs. inflation. The midterms will be a referendum on Biden’s performance, particularly as it affects inflation.

Read More

Majority of Americans Say They Are ‘Falling Behind’ Rising Cost of Living

The Center Square

The majority of Americans feel they cannot keep up with the cost of living as inflation and the price of goods continue to rise, according to new polling data.

A poll from NBC News asked Americans, “Do you think that your family’s income is … going up faster than the cost of living, staying about even with the cost of living, or falling behind the cost of living?”

Read More

Majority of Americans Report ‘Falling Behind’ Rising Cost of Living

The Center Square

The majority of Americans feel they are “falling behind” as the cost of living continues to rise, according to newly released polling.

The poll from NBC News asked, “Do you think that your family’s income is … going up faster than the cost of living, staying about even with the cost of living, or falling behind the cost of living?”

In response, 62% of those polled said “falling behind” while only 6% said their income is “going up faster” than the cost of living.

Read More

Report: Online Inflation Soars Heading into Busy Holiday Season

Minnesota Sun Staff
Person on laptop

Online prices soared to record highs in November, according to Adobe Analytics.

Prices online surged 3.5% on a year-over-year basis as of November, the biggest increase since 2014, when Adobe started tracking the cost of goods on the internet and the 18th consecutive year of online inflation, according to the Adobe Digital Price Index (DPI). Prices on a month-to-month basis dropped 2% due to holiday discounts, according to Adobe.

“Census Bureau data shows that the e-commerce share of non-fuel retail spending has tripled over the last decade as more expenditures like groceries and home improvement move online,” Marshall Reinsdorf, former senior economist at International Monetary Fund, said in the report.

Read More

Commentary: A One-Size-Fits-All Federal Minimum Wage Makes Zero Sense

Minnesota Sun Staff

President Joe Biden’s new $1.9 trillion COVID-19 relief proposal includes a surprising provision: raising the federal minimum wage to $15.

The fight for a higher minimum wage is not new, although it has been intensified by current events. The idea, more specifically, is to provide a “living wage.” Proponents argue that, currently, minimum wage workers cannot afford basic living expenses. But even if one assumes for the sake of argument that this is true and sets aside the fact that small businesses are already on the brink of collapse, it’s impossible to determine one suitable “living wage” for all parts of a vast and diverse country like the United States.

Read More

Briley Pushes $125 Million Flood Wall in ‘Residential’ Downtown Nashville While Firefighters, Police Get Pinched on Raises

Jason M. Reynolds

Nashville Acting Mayor David Briley has resurrected failed plans for a flood wall in downtown, wanting to spend $125 million the city does not have. The latest big ticket item on Briley’s wish list comes days before the special mayoral election on Thursday. Former mayors Megan Barry and Karl Dean…

Read More