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submitted 4 months ago by Beaver@lemmy.ca to c/politics@lemmy.world
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[-] Guy_Fieris_Hair@lemmy.world 97 points 4 months ago

The fuck metric are they using for the economy???? The billionaires wealth increase? The stock market? Because I can't afford my rent or to feed my fucking family. Fuck off with your bullshit.

I don't blame Biden for it, I blame the orange man. But the economy isn't an exclamation point that should be used for the average person. The economy fucking sucks. EVERYONE HAS JOBS!!! .... Yeah.... they have 3 of them... start looking at the purchasing power of that money, not just the dollar amount.

[-] EnderWiggin@lemmy.world -5 points 4 months ago* (last edited 4 months ago)

Wages are up, and inflation is down. The economy isn't roaring, but it's a hell of a lot more stable than what Biden was handed in 2020. The examples you are offering, while certainly valid for the folks in your community, are anecdotal. The facts are in the data. This country is too big to determine its overall economic health with a localized eye check. Lots of folks are struggling. Lots of folks are also thriving.

[-] StoneGender@lemmy.blahaj.zone 9 points 4 months ago

Yeah white suburbanites are doing better, rise in fascism often does that for them.

[-] EnderWiggin@lemmy.world 5 points 4 months ago* (last edited 4 months ago)

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.

[-] anticolonialist@lemmy.world 4 points 4 months ago

Wages are, in fact, up

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

[-] EnderWiggin@lemmy.world 1 points 4 months ago* (last edited 4 months ago)

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?

[-] anticolonialist@lemmy.world 3 points 4 months ago

Inflation still outpaced wages

[-] EnderWiggin@lemmy.world 0 points 4 months ago* (last edited 4 months ago)
[-] laverabe@lemmy.world 1 points 4 months 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.

[-] anticolonialist@lemmy.world 0 points 4 months ago

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

[-] EnderWiggin@lemmy.world -1 points 4 months 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.

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this post was submitted on 13 Jul 2024
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