Strangely, the more free, clean, green energy we get the more household incomes fail to keep up with inflation. Who would have thought that using inefficient energy in an artificial government-picks-the-winner market could possibly reduce our living standards?
Of course, this is not all due to electricity efficiency and pricing. Bill Shock only affects things that need to heat, cool or move.
Bill Shock as Standard of Living Slumps
David Uren, The Australian
Australians have endured their longest period of falling living standards in more than a quarter of a century as growth in costs outstripped earnings for the fifth consecutive quarter, leaving households worse off than they were six years ago.
After allowing for inflation, taxes and interest costs, average household incomes dropped 1.6 per cent in the year to September, capping a sustained fall in living standards that has not been seen since the 1990-91 recession.
Economists say more than half the cost increases for households are being driven by electricity, rent, health, new housing and tobacco, while modest wage rises are being partially absorbed by workers being pushed into higher tax brackets.
Energy prices feed […]
via JoNova
January 4, 2018 at 11:50PM
Iowa Climate Science Education 