Inflation Has Outpaced Wage Growth. Now It’s Cutting into Spending

Re:Inflation Has Outpaced Wage Growth. Now It’s Cutting into... by refurb on Sunday July 17, 2022 @05:24PM (#32131463)

https://www.bea.gov/data/gdp/gross-domestic-product

2 quarters of negative GDP growth is a recession. We’ve had 1 quarter so far and lay offs are increasing.

I hope not, but with increasing rates we stand a good chance.

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Re:Inflation Has Outpaced Wage Growth. Now It’s Cutting into... by parkingrift on Monday July 18, 2022 @02:10AM (#32135250)

That’s your definition, not “the definition.”

The highest authority on this matter is the NBER. Their definition is pasted, below. I don’t see a significant decline and so far it has not impacted employment. We’re still adding a quarter million net jobs each month.

“A significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales.”

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Re:Inflation Has Outpaced Wage Growth. Now It’s Cutting into... by refurb on Monday July 18, 2022 @11:19PM (#32147154)

2 negative quarters is pretty widely accepted as a recession and much objective than NBER’s definition.

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