ilmscore | "Low Income Americans Are Running Out Of Money"

"Low Income Americans Are Running Out Of Money"

Predictions from this Video

Total: 6
Correct: 0
Incorrect: 0
Pending: 6
Unrated: 0
Prediction
Topic
Status
McDonald's menu prices have increased by over 100% in the last decade, significantly outpacing the general inflation rate of around 32% during the same period. Specific examples include McNuggets (83% increase), McFlurry (87% increase), and Quarter Pounder with Cheese meal (122% increase).
"McDonald's has jacked up its menu prices by more than 100% over the course of the last decade more than three times the rate of the United States inflation according to a research report between 2014 and today the reported inflation over those 10 years is right around 32% but if you compare that to the prices of things that McDonald sells this is where you'll start to see the discrepancy a 10piece McNugget meal is now $10.99 which is 83% more expensive than it was a decade ago when it cost just $5.99 then a McFlurry which used to cost $2.39 in 2014 cost $449 today and finally if we take a look at the quarter pounder with cheese meal that now cost $1 $1.99 which is more than double the $5.39 it used to cost in 2014"
McDonald's pricing strategy
Pending
The job market has become tougher for job seekers, with the ratio of job openings to unemployed individuals decreasing from 2:1 in May 2022 to 1.3:1 in May 2024.
"if it was two job openings for every unemployed person in 2022 and today it's 1.3 what does that mean that means it's tougher to find a job today there are less job openings for every unemployed person out there today there are less available job openings out there today which means if you're looking for a new job it's tougher now than it was a couple of years ago"
Job market competitiveness
Pending
The balance of power in the job market is shifting towards employers, with fewer job openings per unemployed person giving employers more leverage over employees.
"this is happening during a time where more power is going into the hands of the employer less than the employee because back a couple of years ago when employees had the upper hand because you can go out and find whatever job you wanted because there was two job openings for every unemployed person now it's less that means more power is going into the hands of the employer"
Employer power shift
Pending
Companies are increasingly likely to seek alternatives to high-salary employees, including outsourcing jobs to cheaper locations (Mexico, China, India) or utilizing robots and artificial intelligence to perform job functions.
"for certain careers you have to think if the cost of your salary keeps going up comp companies are going to be looking for Alternatives whether that means Outsourcing your job to somewhere cheaper whether it's Mexico whether it's China whether that's India or maybe that means finding a robot that can do your job for you maybe that means using artificial intelligence"
Job displacement through automation and outsourcing
Pending
Technological innovation, while disruptive to some jobs, ultimately benefits society by improving overall capabilities and efficiency.
"anytime you have Innovation that hurts some people but that is there to benefit Society right we're better today because we have technology than before"
Impact of technology on employment
Pending
The Federal Reserve did not cut interest rates on May 1st, 2024, as previously suggested. There is a serious possibility that the next move in interest rates will be an increase, rather than a decrease.
"if you remember back earlier in 2024 the federal Reser Banks said that they would be cutting interest rates by their May 1st meeting which didn't happen maybe we're going to see another potential interest rate hike in the future the former United States Treasury secretary said you have to take seriously the possibility that the next interest rate move will be upwards rather than downwards"
Federal Reserve interest rate policy
Pending