Why you’re feeling poorer: Inflation drives fall in real earnings for the first time since 2014

Why you’re feeling poorer: Inflation drives fall in real earnings for the first time since 2014:

Earnings have fallen for the first time since 2014 as inflation outstripped cash rises in pay, new data has revealed.

Workers’ earnings have risen by 2.2pc year-on-year, but this was outpaced by inflation, which hit a four-year high of 2.7pc in April, when the data was gathered.

H/t reader Squodgy:

“As predicted and as planned.
Inflation erodes the wealth of the middle classes.”

Yes, and as we know this is happening everywhere…

“When a country embarks on deficit financing (Bush-Obama-Trumponomics) and inflationism (= quatitative easing) you wipe out the middle class and wealth is transferred from the middle class and the poor to the rich.”

– Ron Paul 

… and it will end extremely badly…

Irlmaier predicted all of this in around 1950…

The Prophecies Of Alois Irlmaier – The Roadmap To WW3 – The 3 Days Of Darkness (Worse Than WW3)

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