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

  • 📰 BreitbartNews
  • ⏱ Reading Time:
  • 43 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 51%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 610. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Breitbart Business Digest: Will Resurgent Manufacturing Spook the Fed into More Tightening?The latest Federal Reserve regional manufacturing surveys provide growing evidence that the manufacturing sector is rebounding.
Source: BreitbartNews - 🏆 610. / 51 Read more »

Breitbart Business Digest: Can Republicans Meet the UAW Strike Challenge?Republicans tonight have the chance to make the GOP great again on labor issues. The question is whether they are smart enough to take up that chance.
Source: BreitbartNews - 🏆 610. / 51 Read more »

US Small Business Administration loan rates: Here's an overview of this business-friendly financial resourceLendio explores the most popular loan programs offered by the U.S. Small Business Administration and their rate structures to find out which one is the best fit for your company.
Source: dothaneagle - 🏆 337. / 59 Read more »

Business Highlights: McCarthy rejects Senate spending bill, Netflix’s DVD-by-mail service bows outBusiness Highlights: A summary of the day’s top stories in the business world.
Source: AP - 🏆 728. / 51 Read more »