The US economy is doing well. President Biden wants to know why so many Americans are still feeling bad

return2ozma@lemmy.world to politics @lemmy.world – 302 points –
The US economy is doing well. President Biden wants to know why so many Americans are still feeling bad | CNN Politics
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No doubt many people are suffering. But wages for the lowest quintile have been outpacing inflation for the past year. Which means that overall, most of those in the lowest quintile are better off now than they were a year ago. Of course, doing better is not the same as doing well.

most of those in the lowest quintile are better off now than they were a year ago

Yes, and on average each human has roughly 0.98 testicles.

The goal of public policy is to benefit the public as a whole. So the average will always be a more useful metric than the experience of an individual, or even a hundred individuals.

By that logic, Medicare for All would only cover less than one testicle

Except testicle coverage is a policy, not a valid metric. A valid metric is the outcome of a policy, like average deaths from testicular cancer.

Yes, and if we simply remove the excess testicles from those who have them, we could halve testicular cancer rates.

That wouldn't work unless the only metric you cared about was deaths from testicular cancer.

They were still in a horrible situation a year ago, so they’re better off but still bad.

Meanwhile the CoL has only gotten worse year on year, every year.

This isn't new. The cost of living always goes up. It's supposed to. Because when it goes down, you are in a recession and probably about to lose your job.

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