Breitbart Business Digest: The Enemy Is Bidenflation, Not Auto Worker Wages

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The economic challenge facing the U.S. today is not that auto workers are demand to be paid too much. It's that inflation has destroyed too much of what they are paid.

The opening of the Republican debate at the Ronald Reagan presidential library was marred last night by the, one of the debate moderators, opened with an inquiry into the story that Scott had bought up“Ronald Reagan gave us a great example when federal employees decided they were going to strike,” Scott said at a campaign event in Iowa earlier this month.

“One of the challenges we have in the current negotiations is that they want four-day, French work weeks but more money. They want more benefits, working fewer hours.This is literally belligerent, a word derived from the Latinor war. To anyone familiar with modern American political rhetoric, the declaration that the UAW union’s offer on wages and hours “is simply not going to stand” echoesIt raises almost the same question as Scott’s earlier faulty recollection of Reagan’s action in 1981 did.

That amounts to an increase of around 7.5 percent per year over the next four years. If you think the Federal Reserve will successfully bring down inflation to three percent this year and two percent by the end of next year, then that’s around a 4.5 percent increase in year one and a 5.5 percent increase in following three years.

 

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