The Chained CPI Will Also Bleed Over And Effect Wages As Well Because ---- [View all]

[TheMastersNemesis]

we will likely have two different CPI rates. One will be the CPI for Social Security and other government programs. The other will be a somewhat official CPI for the use of the business community to justify higher CEO pay. However, you can bet employers will use the chained CPI when considering wages and benefits. What they will say is that you don't need as much money since you are now eating beans rather than beef and you also are buying a cheaper health insurance policy so costs have actually gone up less or have actually gone down because you are living on less. Beans will soon be replaced by oats.

Now what I have said may be over the top. But consider we are now in the "twilight zone" or "outer limits" when it comes to making sense of the political landscape. If you think that the chained CPI will not effect your future earnings, think again. Wages continue to plummet and jobs are becoming more worthless each day or so it seems.

The real fact is that most workers are now making less than they were before the recession. And workers are making far less than they were before Reagan. The number of full time jobs and living wages jobs per capita is far less now than it was before Reagan. And if one really looked into the data full time jobs are disappearing as fast as our ice fields.

ADDENDUM - Things really don't add up. The state of affairs nationwide are probably much worse than we know. I feel we are in the dark like the people on the Titanic were just after it hit the berg.