fukhueson

joined 1 year ago
[–] [email protected] 1 points 5 hours ago* (last edited 5 hours ago)

Minimum wage has seen positive movement in 2024, granted not everywhere. And a federal would definitely help.

https://www.epi.org/blog/twenty-two-states-will-increase-their-minimum-wages-on-january-1-raising-pay-for-nearly-10-million-workers/

On January 1, 22 states will increase their minimum wages, raising pay for an estimated 9.9 million workers. In total, workers will receive $6.95 billion in additional wages from state minimum wage increases. In addition, 38 cities and counties will increase their minimum wages on January 1 above their state’s wage floors, adding to the number of workers likely to see increased earnings. In the absence of federal action, states and localities continue to take the lead in advancing fairer wage floors via legislation, ballot measures, and automatic inflation adjustments.

[–] [email protected] 1 points 6 hours ago* (last edited 6 hours ago)

The source reporting on the study should lend itself to the veracity of the information. I think there's a bit of shooting the messenger going on. I trust Reuters as a reliable source of information, and if the study were lacking I feel it would be noted. The study was published in May, so I would hope if there were holes in the report they would have surfaced by now.

https://www.frbsf.org/research-and-insights/publications/economic-letter/2024/05/are-markups-driving-ups-and-downs-of-inflation/

[–] [email protected] 0 points 6 hours ago* (last edited 6 hours ago)

This post was recently removed, citing misinformation regarding acceptance of cease fire deals between Israel and Hamas. I had sufficiently provided proof of my statements in the comments, but here is the resolution itself stating Israel had accepted in section 1. I request my comment be restored.

Including the resolution text:

https://en.wikipedia.org/wiki/United_Nations_Security_Council_Resolution_2735

The Security Council,

Reaffirming the purposes and principles of the Charter of the United Nations,

Recalling all its relevant resolutions on the situation in the Middle East, including the Palestinian question,

Underscoring the importance of the ongoing diplomatic efforts by Egypt, Qatar, and the United States aimed at reaching a comprehensive ceasefire deal, consisting of three phases,

  1. Welcomes the new ceasefire proposal announced on May 31, which Israel accepted, calls upon Hamas to also accept it, and urges both parties to fully implement its terms without delay and without condition;
  1. Notes that the implementation of this proposal would enable the following outcomes to spread over three phases:

(a) Phase 1: an immediate, full, and complete ceasefire with the release of hostages including women, the elderly and the wounded, the return of the remains of some hostages who have been killed, the exchange of Palestinian prisoners, withdrawal of Israeli forces from the populated areas in Gaza, the return of Palestinian civilians to their homes and neighborhoods in all areas of Gaza, including in the north, as well as the safe and effective distribution of humanitarian assistance at scale throughout the Gaza Strip to all Palestinian civilians who need it, including housing units delivered by the international community;

(b) Phase 2: upon agreement of the parties, a permanent end to hostilities, in exchange for the release of all other hostages still in Gaza, and a full withdrawal of Israeli forces from Gaza; and

(c) Phase 3: the start of a major multi-year reconstruction plan for Gaza and the return of the remains of any deceased hostages still in Gaza to their families;

  1. Underlines that the proposal says if the negotiations take longer than six weeks for phase one, the ceasefire will still continue as long as negotiations continue, and welcomes the readiness of the United States, Egypt, and Qatar to work to ensure negotiations keep going until all the agreements are reached and phase two is able to begin;
  1. Stresses the importance of the parties adhering to the terms of this proposal once agreed and calls upon all Member States and the United Nations to support its implementation;
  1. Rejects any attempt at demographic or territorial change in the Gaza Strip, including any actions that reduce the territory of Gaza;
  1. Reiterates its unwavering commitment to the vision of the two-State solution where two democratic States, Israel and Palestine, live side by side in peace within secure and recognized borders, consistent with international law and relevant UN resolutions, and in this regard stresses the importance of unifying the Gaza Strip with the West Bank under the Palestinian Authority;
  1. Decides to remain seized of the matter.
[–] [email protected] 1 points 7 hours ago* (last edited 7 hours ago)

So would you rather respond to that article or the posted one? Because the article you're citing was written with a humorous bent, which I thought would bring some levity. But instead I see it's taken seriously, so I suppose it was right to go down.

And it was the CNN article for those keeping score, not Yahoo.

[–] [email protected] -1 points 8 hours ago

Well, I'm sorry to hear that. I too hope this continues to unfold in the ways we're seeing.

[–] [email protected] 1 points 8 hours ago* (last edited 8 hours ago)

True, though this is considered feeding into disinflation in the article, so it may not lead to ill effects of deflation.

U.S. consumer prices fell for the first time in four years in June amid cheaper gasoline and moderating rents, firmly putting disinflation back on track and drawing the Federal Reserve another step closer to cutting interest rates in September.

[–] [email protected] 0 points 9 hours ago (2 children)

If you're in the US, congrats yourself.

[–] [email protected] -3 points 9 hours ago (4 children)

There's recent research showing that may not be the case entirely, though that's not to say price gouging isn't happening in places.

https://www.reuters.com/markets/us/corporate-greed-not-blame-price-pressures-fed-study-shows-2024-05-13/

Corporate price gouging has not been a primary driver of U.S. inflation, according to research published on Monday by economists at the Federal Reserve Bank of San Francisco.

While markups for motor vehicles and petroleum products did rise sharply during the 2021-2022 inflation surge, markups across the entire spectrum of U.S. goods and services have been relatively flat during the post-pandemic recovery, the bank's latest Economic Letter showed.

"As such, rising markups have not been a main driver of the recent surge and subsequent decline in inflation during the current recovery," wrote the bank's research chief Sylvain Leduc and colleagues Huiyu Li and Zheng Liu.

[–] [email protected] 6 points 9 hours ago* (last edited 9 hours ago) (2 children)

Yes, that's progress.

Consumer price index falls 0.1% in June

CPI increases 3.0% year-on-year

Core CPI gains 0.1%; rises 3.3% year-on-year

Weekly jobless claims fall 17,000 to 222,000

Continuing claims decline 4,000 to 1.852 million

[–] [email protected] 10 points 10 hours ago (9 children)

I can say for myself, I'm certainly not apathetic towards progress.

[–] [email protected] 5 points 11 hours ago (1 children)

Reposted, oversight on the amp link previously, my bad.

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