98
Americans’ economic outlook brightens as inflation slows and wages outpace prices
(www.denverpost.com)
this post was submitted on 24 Jan 2024
98 points (81.4% liked)
politics
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I'll save everyone a click. Pay is up 2.5%. Food is up 20%. Those are not typos. They're trying to spin this so hard they're making cotton candy out of it.
I don't care. Please tell me corporate profits are up?! /s
Oh definitely.
But it clearly says everyone is so happy! Our problems are solved! Oh and wages are outpacing the price gouging!… who the fuck writes this shit
Some much needed context - the numbers This comment refers to are calculated from since the pandemic - the headline of this article probably refers to the results this year, which are.... Less bad. Not quite good, but less bad.
Lol. It's not like like that inflation went away. It's baked in. Until wages outpace inflation long enough to eat that lead back up. A good way to visualize it is as a race. Inflation gained a huge lead and wages going faster for one lap isn't going to close that lead.
Right, but the headline isn't as ridiculous as your original comment makes it out to be. Folks can easily interpret your comment as the article is trying to spin food prices being up 20%, and wages being up 2.5% as a good thing, when it's not saying that. Things are getting better, but there's a long way to go.
There's been a long way to go since the 1970's. And that's exactly what they're trying to spin. They want people to read the headline, feel okay, and then not understand the numbers.