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But most Venezuelans will see their purchasing power decline.
Employment growth was slow, and the median American family saw their real purchasing power decline.
"People are working harder and smarter, but their sweat equity hasn't translated into financial equity". David Neumark, director of the Center for Economics and Public Policy at UC Irvine, said that "people at the top have had phenomenal wage growth," whereas "people at the lower end of the spectrum have seen their real purchasing power decline". Corporate profits are at or near record levels.
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As layoffs increased and purchasing power declined, prices fell lower still, in a downward spiral of diminishing fortunes.
Purchasing power declined not by the day but by the hour.
The figures also support earlier findings of consumers' purchasing power declining over the years.
Their purchasing power declined while ours went up.
Michael Lubell, Director of Public Affairs at the America Physical Society, one of the world's largest organizations of physicists, noted that the NIH budget "stagnated and in purchasing power declined significantly" in the past few years.
One explanation for the higher rates of obesity among lower social classes in western societies is one of generally increased purchasing power, declines in food prices, and of the high energy density, low nutrient quality of food available to people of low socioeconomic status.
Taxes have gone up, purchasing power has declined, and the island's roughly four million residents are unlikely to be patient with their new leader.
But in Puerto Rico -- where recession has been a fact of life for three years, unemployment is nearly 12percenttaxesxes have risen and purchasing power has declined -- he is unlikely to get much of a honeymoon.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com