The Real Reason No One Is Giving Biden Credit for How Good the Economy Is Right Now

Rapidcreek@lemmy.world to politics @lemmy.world – 154 points –
The Real Reason No One Is Giving Biden Credit for How Good the Economy Is Right Now
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Good luck trying to explain to working-class people that the struggle they're feeling is only because they don't understand economics well enough.

Good luck trying to explain to tech-savvy upper-income Lemmy users that average income adjusted for inflation, at the bottom end of the scale, has actually been rising faster than the grocery prices, and that that's a good thing.

I've been trying for a couple of days now with apparently no success.

All these tech bros on Lemmy making over 6 figures calling themselves "working class" is really funny

Working class doesn't mean poor, it means you don't own business assets and generally that you don't profit off the labour of others. It's a convenient method of control to keep working class people so divided that the fight remains amongst ourselves instead of it being focused on improving things for everyone.

Working class doesn’t mean poor,

No, but a lot of upper middle class people are sure happy to exploit the connotation of poverty from the phrase.

People making $30k/yr and people making $300k/yr have nothing in common except they both hate they people making $1m/yr. They don't belong to the same class. They just have a mutual enemy.

Workers with higher incomes are definitely buffered from a lot, but they easily have more in common with people making 30k than with people who are set up for life. Further, people making 30k have more in common with higher income workers than they do with people with no current income who are struggling with being unhoused. Also, everyone living as part of a community suffers together from the increased crime, health issues, and lack of opportunities promoted by economies with extreme class hierarchies.