Inflation is working at 40-year highs. Gross home product has declined for 2 consecutive quarters—the textbook definition of a recession. The Opinion pages of The Wall Road Journal take a look at the numbers, Congress’s makes an attempt to repair the issue and what the longer term holds for the U.S. economic system.
F. Vincent Vernuccio: With Inflation Excessive, Unions Suppress Wages
Good luck getting a giant elevate in the event you’re in a union proper now. That’s the unstated message of a July 29 report from the federal Bureau of Labor Statistics. It confirmed that nonunion staff’ nominal pay in June was up 5.8% 12 months over 12 months, in contrast with solely 3.8% for union staff’. The hole has been widening for a 12 months.
