people will quit a job that doesn’t provide enough to live on
Or they'll get a second job. Or a third job. Or start doing gig work.
Especially if the job provides them with health insurance.
Either way, they aren't working any minimum wage jobs.
Okay but they're still living off ramen and putting off medical treatment and hoping their car doesn't blow up
The solution to all those problems involves increasing real wages. Which is what has happened for the last year, especially for the lowest quintile.
I'm sure that will make the ramen taste better.
Increasing real wages is always better than decreasing real wages. Which is what was happening before Biden.
Yeah, if only people looked at the statistics and ignored the rumbling in their stomachs. Public policy folks have it so hard.
For most people, the rumbling was even worse before Biden. That's the part you try so hard to ignore.
I'm not doubting the statistics show that.
But people's stomachs are still rumbling, and they're not going to be silenced by statistics.
No, but the only way to silence them is to do more of what Biden has already done.
Allow the housing interest rate to more than double? I don't need any more of that thanks.
You don't need a mortgage to silence a rumbling stomach.
You still need a place to live. Tell me, what happens when the cost of buying property goes up, if you're a renter? Where does the extra money you have go spend on housing come from?
I guess I wouldn't care as much if I were a rich politician either.
Or they'll get a second job. Or a third job. Or start doing gig work.
Especially if the job provides them with health insurance.
Either way, they aren't working any minimum wage jobs.
Okay but they're still living off ramen and putting off medical treatment and hoping their car doesn't blow up
The solution to all those problems involves increasing real wages. Which is what has happened for the last year, especially for the lowest quintile.
I'm sure that will make the ramen taste better.
Increasing real wages is always better than decreasing real wages. Which is what was happening before Biden.
Yeah, if only people looked at the statistics and ignored the rumbling in their stomachs. Public policy folks have it so hard.
For most people, the rumbling was even worse before Biden. That's the part you try so hard to ignore.
I'm not doubting the statistics show that.
But people's stomachs are still rumbling, and they're not going to be silenced by statistics.
No, but the only way to silence them is to do more of what Biden has already done.
Allow the housing interest rate to more than double? I don't need any more of that thanks.
You don't need a mortgage to silence a rumbling stomach.
You still need a place to live. Tell me, what happens when the cost of buying property goes up, if you're a renter? Where does the extra money you have go spend on housing come from?
I guess I wouldn't care as much if I were a rich politician either.