While the White House claims that inflation is losing steam, the truth is that unless the government changes its reckless monetary course, hyperinflation could be in our economic future.
Original Article: The Specter of Hyperinflation Looms over the Economy
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Striking Hollywood Actors and Writers Might Have to Get Used to Stagnant Wages
2023-07-26
People with jobs, children, and actual responsibilities might not have noticed, but Hollywood is nearly shut down right now thanks to both a writers’ strike and an actors’ strike. Or more specifically, the writers and actors—who are members of unions—are on strike. Members of SAG-AFTRA (SAG) and the Writers Guild of America (WGA) are refusing to work until TV and movie studios agree to a variety of demands.
These actors and writers may be in for some unpleasant surprises, however. Studio revenues and advertising income isn’t what it used to be. Cable subscriptions are down. Theater attendance has not recovered from covid. When revenues are stagnant or falling, it’s harder to get the studios to raise compensation.
Another big problem writers and actors face is that we now live in an age
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