7 in 10 workers surveyed say inflation is outpacing their pay
WIBC 9AM-Noon Podcast
WIBC
4.6 • 1.2K Ratings
🗓️ 28 September 2022
⏱️ 7 minutes
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| 0:00.0 | A growing number of people say the cost of living is climbing faster than their salary |
| 0:04.6 | and the wage growth amid rising inflation and recession is making things very difficult. |
| 0:10.9 | This is according to a new survey sponsored by Bank of America. |
| 0:14.5 | They wanted to know how we're all doing. |
| 0:17.2 | The answer, not so hot. |
| 0:19.4 | 71% of American employees say the cost of living is outpacing the growth in their pay. |
| 0:27.1 | And that is up 58 up from 58% in February. |
| 0:32.6 | So now 13% more of Americans are saying that the cost of living is outpacing their pay. |
| 0:38.6 | And this is, you know, there are some people who get mad when I use the term bribe when |
| 0:46.8 | I talked about what the federal government did to emboldened governors to shut down society. |
| 0:56.2 | And the federal government in coordination with many governors, basically all those not |
| 1:05.0 | named Ron DeSantis, Kristi Nome, or Greg Abbott, should be appearing on an episode of American |
| 1:11.1 | greed for fraud because what they convinced people, it really does show an apathetic |
| 1:16.1 | and uninformed. |
| 1:17.1 | Most of our society is that they bought this that they convinced people somehow. |
| 1:25.0 | You could close almost all the businesses. |
| 1:28.0 | You could in general shut down society. |
| 1:31.8 | You could put people out of work. |
| 1:34.0 | You could essentially turn the faucet off that is the American economy and that there |
| 1:38.6 | would somehow be no immense long-term ramification for doing this because, well, you got whatever |
| 1:49.0 | it was, $5,000 from the government. |
| 1:53.1 | Well, I hope you enjoyed it and I hope you saved it because it's cost you a lot more |
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