Inflation has created a dark cloud over how everyday Americans view the economy

return2ozma@lemmy.world to News@lemmy.world – 244 points –
Inflation has created a dark cloud over how everyday Americans view the economy
cnbc.com
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This article seems to gloss over the fact that wages really haven’t risen with inflation. There may be more job openings than unemployed people, but do those jobs pay a livable wage?

If consumers are being forced into relative poverty because expenses are rising faster than incomes are, that is the definition of a bad economy. Whoever wrote this headline is bought and paid for.

Exactly. Just having job in no way guarantees someone also has a home and food to eat ... which is some serious Black Mirror shit.

If you work 40 hours you shouldn't need a 2nd job to survive. With the wealth America has you shouldn't have to work more than 30

Wage growth outpaced inflation in 2023.

How about the previous 10 yr stats?

Not great, but better than the 10+ years before that. Wage growth has mostly been stagnant since the 1970's but there's occasional periods where it's done better. Like now, and I think about 10 years ago when a long period of crappy wage growth was broken following the GFC. It's one of the few genuinely good things about the economy recently, people are finally earning more and if that keeps up for a few more years a whole lot of people are going to see their lives improved.

Lol your whole argument that it's better now is based on your own argument it has been stagant for a decade and your pinnacle argument that fixes the mess is... 1 year of lukewarm wage growth? How the fuck does that fix anything?

Lol "few more years" .. you have nice jokes.

You know what it looks like to me? It looks like you made a claim before double checking the evidence, and when you got called out, instead of just admitting you were wrong you double and then triple down with some of the dumbest attempts at arguments I've ever seen.

They aren't wrong though, wage growth has been historically strong the last two years.

just go fuck yourself with a cactus. single year gains are meaningless when YOY gains are in the toilet.