Wages Fall Behind as Oregon’s Cost of Living Soars
By NW Spotlight,
The cost of living is on the rise Nationwide but in Oregon it has skyrocketed. A study conducted by CNBC’s America’s Top States For Business ranked Oregon as the fifth most expensive state to live in. Inflation is hitting Oregonians hard.
Major cities in Oregon are experiencing cost of living increases which are above the national average. The costs in energy, food healthcare, housing and transportation have all been impacted. Portland and Beaverton are experiencing a 17.7% increase over the national average.
The U.S. Bureau of Labor Statistics states that consumer prices up 9.1 percent over the year ended June 2022, largest increase in 40 years.
A survey by WTW found some companies are budgeting an overall salary increases of 3.4% in 2022, not quite covering living expenses as Consumer prices are up 9.1%.
OPB asked Oregon voters, “How would you say economic conditions in Oregon are changing?” 61.4% said economic conditions are getting worse, almost half of the Democrats surveyed said they feel the economy is lagging.
There are many reasons for Oregon’s current condition. Can one possible be decades of horrible laws passed by our elected officials that have added fuel to the fire which is burning out of control. Perhaps it’s the increases in taxes, forcing middle house and unfunded mandates onto cities, eviction and mortgage foreclosure moratoriums, unprecedented budgets, government overreach, devaluing the education system, and attacks on energy and transportation.
Democrats have had control of the Governor’s office for decades. The Senate and House Chambers are also controlled by the same party.
“The measure of a man is what he does with power.” Plato
The building is burning down and some stand and watch.