Consumer prices rose 8.5 percent over the 12 months ending March 31. This is the largest increase in Consumer Price Index since 1981. Gas prices jumped 18.3 percent last month in a country where millions are forced to travel 50 miles or more to work. President Biden blamed rising inflation on the Russian invasion of Ukraine, calling it “Putin’s Price Hikes” The Socialist Equality Party calls for workers to form independent organizations of working-class struggle, rank-and-file committees, in every workplace and neighborhood. Two-thirds of American workers are living paycheck to paycheck. Workers have suffered more than four decades of stagnating real income, with an average 0.7 percent increase in annual real wages since 1979. Urgent action by the working class is needed to . . .
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