There’s now like 2-5 Op-Eds/Twitter threads a week about how the economy is ASKCUALLY doing GREAT now, and every one gets posted to r/neoliberal
The funniest part is no one wants to talk about why roughly 10% to 15% say there is no inflation, they are wealthier than ever, and life is great but the other 90% of the US is screaming that they are living on the edge closer to homelessness and ruin than ever before. Sometimes these same articles will mention that luxury car sales are at an all time high as further evidence that the 90% are just being delusional.
Which socioeconomic class do your think the authors of all these articles and posts fall into, the 90% or 10%? Same people always try to point out to fellow Americans that by being in the US a person is automatically in the global top 10%, which is an insidious lie. It’s eye opening for most Americans when they learn only the top 15% of US households fall into the global top 10%, that most Americans don’t take home the required $150,000 USD or greater but a few tens of thousand each year and are indebted with zero savings. The sheer number of US adults who only manage to earn roughly $20,000 USD per year is hard for these people to wrap their minds around.
The US government only tracking “household income” rather than a break down of incomes for individual working aged US adults is also a slight of hand. An unspecified number of individual people living under one roof with multiple incomes being combined to get that household income number, further skewed by millions of functionally homeless (couch surfing, living in cars, living in motels a few days a week) working adults most of which are lower income being just ignored.
These freaks are going to fuck up their game and bag by denying Americans their bread and circus
“Oh cool! Rope is on sale!”
“Here’s why what you’re experiencing is not actually real.”
-Some Chucklefuck
TBF, people “experience” things that aren’t going on all the time.
Half of Republicans think they live under a Trans-Muslim Communist dictatorship, for example.
although the communist part is iffy
They have half a communist but it’s split between Roz and Alice
“The peasants say they’re not eating food or getting clean water. But have they considered that they’re wrong?”
BUT HAVE YOU CONSIDERED THAT YOU CAN WATCH YOUTUBE ON YOUR FRIDGE NOW
“Your Fridge is incompatible with YouTube, update your Fridge’s software to continue watching YouTube on your Fridge.”
tries to update Fridge’s software
“We sorry, but your Fridge is no longer receiving upgrade support.”
fridge: “ad blockers are not allowed on youtube: content blocked”
“Do you think the rate of inflation has risen or stayed the same since this time last year.”
People are correctly pointing out that inflation has made prices worse. The fact that the rate is down is little consolation when the rate has been very high and is still higher than for their salaries.
It’s the equivalent of raising the prices by 10% before having a “blow out sale” of 5%
More like raising prices 15% and then acting like it’s a sale to only raise them an additional 4%
Liberals and being weasels, name a more iconic duo
I personally think that requiring ordinary people to understand differential calculus to parse the question is cool and normal.
Translated into reality:
The economy is so bad we don’t even base our measurements of it on the assumption that it’s stable.
Hilarious tbh. The audacity to publish a poll where you shit talk one segment of the population, not to mention 90%
It’s cool and good to shittalk the rich.
Last year the bread price went from 2.50 a loaf to 2.75. This year the price of bread ONLY rose from 2.75 to 2.90. See? Things are getting better!
Asking my landlord if I can pay rent this month with all of the new minimum wage jobs Biden created!
I’d like to meet the 40% of Americans who think it hasn’t gotten worse since the 90’s. “Fuck you I got mine” boomer/gen x types?
rate of inflation
Weasel question. If the inflation rate was 15% last year and then “only” 13%, then technically the rate of inflation has gone down up obviously you still have the issue of higher prices than last year.
Yeah I’m not gonna be happy until I see negative inflation. Deflation.
As somebody with debt and no sabings, inflation is ok by me IF my wages go up by the same amount, it actually benefits me by decreasing the amount of debt I owe.
rate of inflation
As @[email protected] said a few days ago:
When your data doesn’t confirm the point you want to make, just add more derivatives
My mistake, I thought everything costs more and rent has fucking tripled since covid. I guess I’m actually not poor despite my lack of money
Did you read the basket of goods they use? It includes a tv ffs. Apparently tv prices matter to people who have to choose which meal they skip.
The wall is too kind for these stains upon humanity
Tv did take a huge dip in price (completely unrelated to the fact the majority of people were watching content on their phones or computer screens I’m sure) so literally every article uses them, the one thing that’s decreased in price, as a comparison point to show stuff isn’t getting more expensive.
The main reason TVs have dropped in price is because under surveillance capitalism the TV watches you. On a lot of models more money is made from all of the spyware and adtech that comes with TV than from the sale of the TV itself.
Interactive TV sets will be watching us, just as we watch them. They will also report back to the beast at computer headquarters. Our telephone conversations will be automatically wire tapped and transcripted by the National Security Agency
Killah Priest “information”, from Heavy Mental, 1998
Haha, whoa, true on every point, love when people nail it
Real average hourly earnings increased 0.8 percent, seasonally adjusted, from October 2022 to October 2023. The change in real average hourly earnings combined with a decrease of 0.9 percent in the average workweek resulted in no change in real average weekly earnings over this period.
The weasel wording of “rate of hourly earnings” and not “net income per paycheck”.
If your hourly wages increase but the number of hours you work is less than it was before, then your income has effectively been cut.
I should have made clear this is bls data, i don’t know what ft is citing outside of vibes
Now ask them to adjust for housing costs, which they more or less never do.
They almost never include necessities in these calculations. To them the real measure of economic activity is the price of 65" TVs dropping 10%, not rent going up 100% or housing prices going up 200-300%, or food prices going up 60%.
Hey, you can get a smart TV for 85% the adjusted price of one last year and wages have gone up .8% on average meaning you can open another tv! Why are you complaining?
Idk about you but new TVs is a primary monthly expense for me. I have like 6 in my bathroom alone.
Gotta have Tucker Carlson shouting about communism at you from all angles, natural laxative
Amerikkkan kkkrakkker spotted
You are just jealous of my FREEDOM
🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸
this bit works even better with a Malaysian flag
🇲🇾🇲🇾🇲🇾🇲🇾🇲🇾🇲🇾🇲🇾🇲🇾
Do NOT defile my FLAG with a damn MOON!
🇱🇷 🇱🇷 🇱🇷 🇱🇷 🇱🇷 🇱🇷 🇱🇷 🇱🇷 🇱🇷 🇱🇷
they would count house prices going up as sucess
They definitely do! Rent went up? Oh, that means the GDP increased lol
to their mind rent going up is an increase in income not costs
