"What matters is if our hourly wage once bought eight gallons of gasoline and now it buys only four gallons. This
is called purchasing power, and rather naturally the Status Quo has
worked mightily to cloak the reality that our purchasing power of the
bottom 95% of wage earners has been declining for decades ... If history is any guide, any price increase will also push the U.S. into another "official" recession. Until oil no longer matters, our real earnings and our economy remain hostages to the cost of oil."
Ein Artikel von Charles Hugh Smith über sinkende Reallöhne angesichts steigender Treibstoffpreise und das historische Muster Ölpreis-bedingter Rezessionen. Erschienen auf OfTwoMinds (10. Oktober 2012).
