Despite months of increasingly positive economic indicators, the American public remains negative about the state of the nation’s economy, with 51% saying they think the economy is still in a downturn and getting worse, according to a new CNN poll.
That’s because our useless news media has been beating the drum of recession for literally years now because fear mongering is all they know how to do.
Also because wages are still stagnant and costs keep going up. On average, the economy is doing great, but that news to the people on the bottom is just an indicator of how much they are being exploited.
Wages saw the biggest bump in decades just a couple of years back. The article is from late 2021, and while that feels like it was an eternity ago, the reality is that it was less than 2 years ago.
US inflation is the lowest of almost all industrialized nations - down to 2.97% right now, compared to 3X that a year ago.
Tell me why I should give a shit when my grocery costs have more than doubled since 2020 and have yet to come down. Inflation rate is meaningless for those of us not in the top 1%. What good is it to me to hear the inflation rate was only 3% last month if a bag of cereal still costs $7? Should I simply be grateful that things aren’t getting worse, faster?
Wait, at the moment you are being severely downvoted for posting a link to the best statistical source we have for the US on this topic? WTF is wrong with people?
Lately I’ve been telling people who ask for sources that they need to convince me they are asking in good faith. Real sincere responses will get a source, the real utility is it ends the conversation more quickly when it’s a disingenuous request. Best to save energy for the teachable.
I just looked over that page, and I couldn’t find any data on I_Has_A_Hat’s grocery costs between 2020 and now. Would you mind pointing it out for the benefit of me and other particularly dense people in the audience?
Yeah, I’ve done that about a dozen times now and it works perfectly fine. If someone can’t navigate a website, then rhey maybe shouldn’t be commenting on it’s contents.
Rent is up, grocery prices are up, gas is up again, pay hasn’t kept up with inflation, corporate profits at all time highs and Powell at the Fed is literally trying to weaken labors negotiating power, but sure it’s the media brainwashing people…
That’s because our useless news media has been beating the drum of recession for literally years now because fear mongering is all they know how to do.
Also because wages are still stagnant and costs keep going up. On average, the economy is doing great, but that news to the people on the bottom is just an indicator of how much they are being exploited.
But that isn’t entirely true.
Wages saw the biggest bump in decades just a couple of years back. The article is from late 2021, and while that feels like it was an eternity ago, the reality is that it was less than 2 years ago.
https://apnews.com/article/business-wages-salaries-increase-8ce98ea3bcc14c4810eb5a1111e1df49
US inflation is the lowest of almost all industrialized nations - down to 2.97% right now, compared to 3X that a year ago.
Tell me why I should give a shit when my grocery costs have more than doubled since 2020 and have yet to come down. Inflation rate is meaningless for those of us not in the top 1%. What good is it to me to hear the inflation rate was only 3% last month if a bag of cereal still costs $7? Should I simply be grateful that things aren’t getting worse, faster?
Your grocery costs have not doubled.
You’re just being a drama queen.
https://www.bls.gov/regions/mid-atlantic/data/averageretailfoodandenergyprices_usandwest_table.htm
Lots of real, actual data there that I am sure you will claim is false even without looking at it.
Wait, at the moment you are being severely downvoted for posting a link to the best statistical source we have for the US on this topic? WTF is wrong with people?
Because people don’t want the truth, they just want to complain.
And I get that.
It’s a natural human reaction, but it is also annoying because some of these same people would demand a citation and I’ve given them exactly that.
Lately I’ve been telling people who ask for sources that they need to convince me they are asking in good faith. Real sincere responses will get a source, the real utility is it ends the conversation more quickly when it’s a disingenuous request. Best to save energy for the teachable.
They’re not looking for actual citations. Google works just as well for them as it does for you. They want to waste your time.
I just looked over that page, and I couldn’t find any data on I_Has_A_Hat’s grocery costs between 2020 and now. Would you mind pointing it out for the benefit of me and other particularly dense people in the audience?
The first column. Cookies, beef, chicken, milk, pasta… literally anything you’d buy at a grocery store.
Why don’t you try clicking on historical data and selecting 2020?
Yeah, I’ve done that about a dozen times now and it works perfectly fine. If someone can’t navigate a website, then rhey maybe shouldn’t be commenting on it’s contents.
Wages went up, now this is the counter attack.
Can’t let the poors gain anything.
I don’t understand why people have trouble finding current data: https://fred.stlouisfed.org/series/LES1252881600Q
Rent is up, grocery prices are up, gas is up again, pay hasn’t kept up with inflation, corporate profits at all time highs and Powell at the Fed is literally trying to weaken labors negotiating power, but sure it’s the media brainwashing people…