Going to the farmers market Wednesday morning. I do have a plant problem so I don’t know if shopping there actually saves me money.
Yours a family business? No one is ever going to convince any 2024 Republican that the economy under Biden is doing just fine. They're going to always point to food prices and the deficit.
The defacto theme for Trump's campaign as well as for Republicans in general will be (if it isn't already) "how much did you pay for food four years ago".
Wages are up more than expenses. It’s a fact. Everyone believes they deserve more income but shouldn’t pay higher prices. Well no shit. Wouldn’t that be nice. People are slightly better off.
All of which is done in the executive bureaucracy, not POTUS. All these things are done years before they are implemented by his signature.
I served with a guy that swore he got crushed in the stock market when Obama was president. I guess it was possible but you had to be an idiot.
I appreciate the theme of the post. Kind of reminds me of “the beatings will continue until morale improves”. According to OP, people by a gap of 20%, are just too stupid to understand they are actually doing well. But I’m sure their misunderstandings are based on anecdotal findings and lack of nuance. Poll: 20-point deficit on handling economy highlights Biden’s struggles against Trump
65% of Americans think they are above average. So at least 15% of people aren’t very good at estimating how well they are doing. Most of them post here apparently. People Think They're Better Than Average, but How Much Better? Plus how can we trust a the opinion of people who think the 2020 election was stolen?
No, not really. My friend and people like him are a huge part of the problem we now see in today's politics. The thought the other side can absolutely not do anything right. I didn't vote for Obama, but my net worth tripled under his presidency (whether or not he had anything to do with it) and was part of the reason I was able to retire in my 50's. I believe in science (and math).
I don’t know why I’ve never thought to go straight to the Center for American Progress for all of my financial and economic news and guidance.
It’s not a fact. It is not an absolute. It depends on how your are looking at it. I have over 2,000 hourly employees whose CBA was negotiated prior to 2021. Even with COLAs maxed out, it doesn’t come close to equaling the increase in expenses. If people have been unable to change jobs and have not been promoted since 2021 then their annual increases have not kept up with expenses. Aggregate statistics don’t tell the whole story. I think you know that.
Yep. There are winners and losers in every free market capitalist economy which is why we look at averages. You have a better way to measure? Maybe we only consider an economy good under Democrats if every single person in the country is killing it?
No. We acknowledge the damage done to many peoples standard of living and not just put our heads in the sand with high level averages. Particularly in this economy where some skills and jobs have had significant pay raises where others have not had much. The average looks fine but beneath the surface there have been big winners and big losers.
Can you list the groups that have been the "big losers?" Honestly, I am looking at data breaking down wage gains, and there are pretty limited stories of winners and losers. In terms of demographics, younger workers have gained the most, while older voters have gained the least. Education, gender, and race seem to have limited impacts. The Mountain region had the highest while the South Central region had the smallest wage growth. Metro vs. non-metro didn't seem to have much impact. The only other thing that I could find was an inverse relationship between prior wages and wage growth percentage.
If it were many people wouldn’t it affect the average? I’m just reconciling all the good metrics against the conservative point of view that shit is falling apart in the economy.
I just gave you the example of union workers locked in a CBA. Do you really think that the auto workers who just struck and got big pay increases have been made whole? Inflation ran 17% since 21, and those workers got $5K Rat bonuses( a little above normal for ratification), and 11% increase starting this year. That doesn’t erase the 17% that was experienced over the last 3 years. You guys need to take an honest look at things before you say “all is well”.
