News
Welcome to the News community!
Rules:
1. Be civil
Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban.
2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.
Obvious right or left wing sources will be removed at the mods discretion. We have an actively updated blocklist, which you can see here: https://lemmy.world/post/2246130 if you feel like any website is missing, contact the mods. Supporting links can be added in comments or posted seperately but not to the post body.
3. No bots, spam or self-promotion.
Only approved bots, which follow the guidelines for bots set by the instance, are allowed.
4. Post titles should be the same as the article used as source.
Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.
5. Only recent news is allowed.
Posts must be news from the most recent 30 days.
6. All posts must be news articles.
No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.
7. No duplicate posts.
If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.
8. Misinformation is prohibited.
Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.
9. No link shorteners.
The auto mod will contact you if a link shortener is detected, please delete your post if they are right.
10. Don't copy entire article in your post body
For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.
view the rest of the comments
That data is made of averages which aren't worth a lot when you discuss people's feelings about the economy, and also not everyone is getting a raise equally. Many don't get one at all and those people are definitely still dealing with prices being higher.
Additionally, the cumulative rate of inflation over the last four years is over 20%, so unless my annual salary rises to be at least that much higer than it was four years ago then my real buying power has still decreased. It doesn't matter that the average raise is outpacing inflation if I never receive enough raises to at least keep up.
States with laws that are hostile to workers - as mine is - make it hard to find employment where your employer will increase your pay to at least track inflation. This kind of thing gets lost in the discussion of averages.
Just because a person might have a wealthy neighbor while they live in poverty doesn't really mean that, on average, everyone is doing fine. It still means some are still hurting.
From the article:
The comment on this article that you were originally responding to was most certainly one of frustration with this situation, not one aimed at the Fed's decisions about interest rates. I feel that frustration too.
It kinda doesn't matter if the Fed made every single right move if this was still the outcome for a large swath of America. People are going to be voicing frustration every time an article about the economy is posted.
I have an B.S. in Economics, by the way.