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Inflation Outpaces Wage Growth For Over 40% Of Americans
(www.forbes.com)
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this post was submitted on 30 Jul 2025
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Work Reform
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A place to discuss positive changes that can make work more equitable, and to vent about current practices. We are NOT against work; we just want the fruits of our labor to be recognized better.
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- All workers must be paid a living wage for their labor.
- Income inequality is the main cause of lower living standards.
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Maybe someone could explain to me how the short term inflation rate is 1.8%, but every tariff is at least 10%. I mean, in a country where nothing is made, which tariff free products are people buying? Is it just that many of the tariffs have not gone into effect yet? It's so hard to keep track.
it depends a lot on the business model. but like a lot of qualified people have been pointing out, places like Wal-Mart can weather the losses considering a store will make up to a 1-3million a day, and they pay the 40 people who work there so little they quality for SNAP there's a lot of cushion to absorb the costs. but no business with less than 15 employees is going to make it.
But that's not how capitalism works. If 70% of the items in Walmart have a 10% tariff, they raise 100% of the items 20%. Especially Walmart. But I guess I'm wrong.
Worth noting that tariffs are not charged on the retail price but on the cost of goods when imported. The 10% is on what Walmart pays their suppliers. Still increases prices, but not by as much.
I'm aware of this but usually companies will do anything to increase profits and pass that extra cost immediately on to the consumer to plus a little extra for them.
You pay 10% for the product when imported. However there are a lot of people, work and capital involved to transport the product and actually sell it to you.
Also a lot is also not imported, but made in the US. That is especially true for a lot of food, electricity, gasoline and even quite a bit of actual physical products.