And how much has housing costs increased over a 3 year period vs. wages? Let’s do vehicle costs while we’re at it too. These are the two main expenses for most households
That’s part of CPI. Housing is like one third of it. The only time wages were higher vs. the inflation was during the pandemic, and that’s not a fair comparison since a lot of people lost their jobs so the average wage was affected
The average person now is much better off than in 2019 and it’s not even close
They’re wealthy enough to be able to absorb the increased cost without noticing while going “ACK-shually” to anyone who isn’t wealthy enough to aborsb the cost increase without noticing. Arm chair economists are fucking cancer.
Oh yeah, I’m sure clown is technically correct about the term and definition of recession. The people losing are definitely the people who are being priced out of groceries and homes. Acting like everything is fine and the economy is great is pretty fucking tone deaf.
His data is zoomed in to YTD and not the past 3 years when the bulk of the inflation happened. You really can’t see that? Zoom out a bit and his data will show a whole different picture. He cherry picked.
In terms of stocks and GDP, I am not delusional that that is trickling down to me or you. That’s great that billionaires are getting richer but how does that help the average american?
And how much has housing costs increased over a 3 year period vs. wages? Let’s do vehicle costs while we’re at it too. These are the two main expenses for most households
That’s part of CPI. Housing is like one third of it. The only time wages were higher vs. the inflation was during the pandemic, and that’s not a fair comparison since a lot of people lost their jobs so the average wage was affected
The average person now is much better off than in 2019 and it’s not even close
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They’re wealthy enough to be able to absorb the increased cost without noticing while going “ACK-shually” to anyone who isn’t wealthy enough to aborsb the cost increase without noticing. Arm chair economists are fucking cancer.
You are both arguing from an anecdotal pov and he has data to back up his argument.
Someone is winning and it ain’t you.
Oh yeah, I’m sure clown is technically correct about the term and definition of recession. The people losing are definitely the people who are being priced out of groceries and homes. Acting like everything is fine and the economy is great is pretty fucking tone deaf.
Yup! And that is what they are ignoring. How does billionaires getting richer help me?
His data is zoomed in to YTD and not the past 3 years when the bulk of the inflation happened. You really can’t see that? Zoom out a bit and his data will show a whole different picture. He cherry picked.
In terms of stocks and GDP, I am not delusional that that is trickling down to me or you. That’s great that billionaires are getting richer but how does that help the average american?
That’s not true, inflation-adjusted wages are here:
https://www.bls.gov/charts/usual-weekly-earnings/usual-weekly-earnings-over-time-total-men-women.htm#
You can see we’re up in comparison to 2019, and even if this chart cuts off 2023, we’re also up since 2022 anyway
Not an argument