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submitted 9 months ago by MicroWave@lemmy.world to c/politics@lemmy.world
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[-] K1nsey6@lemmy.world 42 points 9 months ago

The economy is only booming for the rich, anyone trying to tell us otherwise doesn't care about our well-being. If it were doing well they wouldn't have to keep telling us, we could see it in our everyday lives.

[-] zaphod@lemmy.ca 18 points 9 months ago* (last edited 9 months ago)

Gas prices are down. General cost of living is stabilized. Unemployment is extremely low and the percentage of eligible workers on the sidelines is dropping. Wages are up for the lowest income levels and continue to climb despite slowing inflation. Black households, in particular, have seen a significant narrowing of the income gap, more so than they've seen in many many years. The percentage of women in the workforce is up and salaries are climbing for them as well. In fact, the post-COVID recovery has been wildly successful when you compare it to post-2008 with respect to the improvements for the poorest among us, which is precisely the opposite of what you're claiming.

Yours is purely an appeal to anecdote. The data is clear. Unfortunately, as study after study has shown, data can't compete with vibes, and we just spent the last two years with the MSM (not to mention social media...) telling everyone a recession was around the corner.

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this post was submitted on 04 Feb 2024
763 points (94.6% liked)

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