• maporita@unilem.org
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    1 year ago

    Unemployment is at the lowest rate for 30 years and wages are rising… that’s actually part of what’s driving inflation. Annualized growth this year is expected to hit an astonishing 6%. In July new orders for manufacturing hit their highest level in 9 months. Construction is doing well and consumer spending is way up. Nothing points even remotely to a recession.

        • tst123@lemmy.world
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          1 year ago

          Houses are up much more than wage increases over the past couple years. Again, it’s about affordability for the average person

          • iopq@lemmy.world
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            1 year ago

            That’s cherry-picking because I could just as easily say “fuel costs are down, so it’s good for the average person”

            You don’t just spend all of your income on housing. To be more accurate, you would need to track the average expenses and if they go up or down. Which is called… the CPI