this post was submitted on 13 Jul 2024
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politics

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[–] [email protected] 5 points 1 month ago* (last edited 1 month ago) (1 children)

Where are you even getting that from? Economics isn't a matter of opinion. Wages are, in fact, up, and inflation has been easing. This isn't about fascism or race. This has been an across the board trend since 2021. Things are far from perfect, but they are improving.

[–] [email protected] 4 points 1 month ago (1 children)

Wages are, in fact, up

Going from an unlivable wage to another slightly higher unlivable wage is not progress.

[–] [email protected] 1 points 1 month ago* (last edited 1 month ago) (1 children)

Wages are going up relative to inflation. That's literal growth and progress. No one is arguing that people aren't struggling. Has there ever been a time in US history when people weren't?

[–] [email protected] 3 points 1 month ago (1 children)

Inflation still outpaced wages

[–] [email protected] 0 points 1 month ago* (last edited 1 month ago) (2 children)
[–] [email protected] 1 points 1 month ago

Average is a terrible statistical metric for wages. It means nothing other than the rich are getting richer. Median is a more accurate representation of what most people earn.

From Jan 2017-2021, median wages increased 6% ($352 a week to $373), whereas Jan 2021-today wages have decreased 2% ($373 to $365). ^ Add that to rising costs of food and housing and economically, by the numbers, Biden is not doing great on the economy.

I don't think this is necessarily a bad thing long term for the country, but it is bad politically in the short term for democracy with an election in 4 months that will determine whether we retain a democracy or shift to a fascist system of government.

[–] [email protected] 0 points 1 month ago (1 children)

Bought to us by the same people telling us we are doing fine

[–] [email protected] -1 points 1 month ago

There is no response you will accept. Whatever I write, you will just continue to hand wave away, no matter how explicit the evidence. I give up. Live in whatever fictional reality you want. I'm done reasoning with you.