Fast-food workers in NYC stage strikes, rallies

Another strike among San Francisco Bay Area Rapid Transit (BART) workers is looming.  Now fast food workers in New York are striking.  Workers are demanding higher wages because the cost of living keeps soaring--despite official government statistics denying inflation exists.

Higher wages are the last peg in the inflation stool, because rising labor costs permeate throughout the economy.  Those who have declared inflation is dead will be be proven dead wrong.

We're already have monetary inflation.  The missing components are rising wages--and the velocity of money.  At that point, we will have consumer price inflation, and it is game over for the Fed, because they won't be able to fight inflation with rising interest rates.

Debt kills.  Absolute debt absolutely kills.

http://bigstory.ap.org/article/fast-food-workers-nyc-stage-strikes-rallies