The findings suggest U.S. consumers will continue to struggle with high prices — something Trump had promised to address in the run-up to his re-election.
Six months into Donald Trump’s unprecedented gambit to impose sizable tariffs on imports, U.S. consumers are already shouldering as much as 55% of their costs, according to a new report from Goldman Sachs analysts.
And with new tariffs likely on the way, the cost burden could rise even higher, they said.
The findings, released Sunday, suggest U.S. consumers will continue to struggle with high prices — something Trump had promised to address in the run-up to his re-election. While inflation rates have come down from the post-Covid peak, they have remained stuck above levels economists consider healthy, causing consumers and businesses alike to continue to report feeling burdened by price increases.
Tell your employers and demand a raise to compensate. Pass the buck until someone in the finance sector gives a shit.
The employers are hoping to replace nearly everyone but those in the C suite with AI.
Ironically, only the C suite could be replaced with AI.
100% this. They are usually so formulaic and have such little creativity, that I really think boards should have started there, rather than with other jobs. The problem is that C suite types sit on each others’ boards…
“Hey boss, can I have more money?”
“No”
“Okay, bye”