Workers' wages failed to keep up with the higher inflation. Average weekly earnings, after adjusting for inflation, dropped by 0.9 percent in 2007, the fourth decline in the past five years. The lagging wage gains are cited as a chief reason many workers have growing anxiety about their economic futures.

We're making less money. This isn't much of a shock to most people, but it sure seems to be to the people making money policy.

Gas, Food Spur Inflation Jump in 2007 - Business on The Huffington Post