Most Americans have experienced real wage growth in the past couple of years, accounting for price inflation: https://www.americanprogress.org/article/workers-paychecks-are-growing-more-quickly-than-prices/
#sarahnadeau #centerforamericanprogress #cap #bidenomics #economics #wages #inflation #wagegrowth #goodnews #wageinflation #priceinflation #economyoftheunitedstatesofamerica #economyoftheunitedstates #economyoftheus economyoftheusa
@koavf I know. It's just that prices are still bad, and wages are still bad, and for millions of us, the supposed benefits outlined in that article do not appear to exist.
@AskTheDevil But to what extent is that actually true and to what extent is that a perception that is encouraged by right-wing nihilists hoping to harm America? The facts are that 1.) presidents can only do so much to impact an economy (especially positively: they can really wreck things, but are constrained in how much they can build up an entire economy) and 2.) the American economy is _much_ stronger than virtually anywhere, including Europe or East Asia.
@koavf I don't listen to right-wing nihilists, so it's probably not that.
It's because I can see the bills, and the rent, and the housing prices, and the grocery prices, and the wages, when I look them up and speak to the people in my rather considerable tribe. I know from comparison shopping, and from looking at locations in other areas of the country on the same shopping sites. I know it from contacts that still work in the industry.
Nobody is doing better that I know.
@AskTheDevil Of course, if 57% have seen an increase, then that means that 43% have not and I appreciate that. I really hope that the subtle messaging that we are doing _a lot_ better than we could be and than virtually anyone else is _and_ that the current administration is laying down long-term planning for American jobs can somehow reach the electorate for November. :/
“But the economy is mostly doing better for the people for whom it was already fine.”
This is, again, incorrect.
When someone has a job that they didn’t under Trump, that is a huge win.
3% inflation IS NOT GOOD.
If your employer is not giving you a COLA, you need to tell them you’ll walk. That USED to be part of the social contract.
It has ZERO to do with stocks.
@feloneouscat @koavf Employers don't have to give COLA that keeps up with COL, and they don't. They haven't for decades as a general rule.
So all the employees of those employers - and they are not outliers, they are the norm - are only missing out on the economy because of that?
No. It's a bit more than that.
@koavf I think if anyone is thinking that Trump would be better for the economy than Biden, there's no message powerful enough to penetrate that amount of abject fantasy.
But the economy is mostly doing better for the people for whom it was already fine. That's nothing to point to as a win, unless you think it's okay for us 43% to drown.
Glad to hear someone's stocks are good though.