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No One Is Buying AMD Zen 5 CPUs, So What's Going On?
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this post was submitted on 17 Sep 2024
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Everything is expensive and everyone's underemployed thanks to all the damage large corporations have done to the job market and the economy as a whole.
I just want to make almost as much money as I made as a shift manager in fast food 10 years ago, which is a job I ironically walked away from to get educated. I just hope the democrats win so they can maybe reverse some of that anti homelessness stuff because we're all going to need it.
100%
People are making more money and growing poorer by the month.
People are not growing poorer, they are growing richer
https://www.bls.gov/charts/usual-weekly-earnings/usual-weekly-earnings-over-time-total-men-women.htm
People make more money now than before the pandemic, even inflation adjusted
Inflation adjusted looking pretty flat and that's if you trust their optimistic inflation calculations that likely underestimate it. Housing, education, and health care greatly outpace inflation btw, but hey, at least TVs are cheaper.
https://www.bls.gov/lau/stalt.htm
We measure this. Underemployment is not that high.
Exactly. I really like the term "vibecession" coined by Kyla Scanlon, because it really hits this perfectly. People think things are bad, despite all evidence to the contrary.
From the numbers I've seen, the average household (i.e. making <$70k/year) is maybe paying a few percent more on net than they were 5 years ago. Wages tend to lag inflation, so it makes sense that people's wages would still be catching up now that inflation is pretty much back to normal. It'll probably take another year or two, but it'll get there.