Falling wages, soaring energy prices and inflation: It's beginning to look a lot like the 1970s

Falling wages, soaring energy prices and inflation: It's beginning to look a lot like the 1970s — Live Feedhttps://www.live-feeds.com/feed/falling-wages-soaring-energy-prices-and-inflation-it-s-beginning-to-look-a-lot-like-the-1970sContinuously updated, source-cited coverage. Falling Wages, Rising Energy Prices Echo 1970shttps://www.live-feeds.com/feed/falling-wages-soaring-energy-prices-and-inflation-it-s-beginning-to-look-a-lot-like-the-1970shttps://www.live-feeds.com/feed/falling-wages-soaring-energy-prices-and-inflation-it-s-beginning-to-look-a-lot-like-the-1970s#u108013Wed, 07 Oct 2026 07:00:51 +0000Current economic conditions show falling real wages, soaring energy prices, and persistent inflation, mirroring the 1970s. Wage growth has slowed to its lowest pace since 2021, and inflation continues to erode wage gains through September. A stagnant job market featuring little hiring and few firings has resulted in fewer raises for workers. Meanwhile, the Federal Reserve faces mounting pressure to address ongoing inflation as price increases persist across the economy.Why it mattersEconomic parallels to the 1970s emerge as cost-of-living pressures intensify for consumers dealing with high ene