There was a pandemic spike that’s now gone, but it’s otherwise following the generally upward trend that it has for the last decade or so. If we want to use that, then the economy is doing pretty well.
OP gives a lot of other reasons to think otherwise. Using any one measure isn’t a good way to measure the economy.
Edit: also, people need to stop saying “inflation adjusted wages are flat since the 70s”. That was true in the years following the 2008 financial crisis, but it isn’t anymore. But as another poster in this thread points out, the working class is still not getting their fair share of GDP growth over that same time period.
If that’s your measure, than it’s up:
https://fred.stlouisfed.org/series/LES1252881600Q
There was a pandemic spike that’s now gone, but it’s otherwise following the generally upward trend that it has for the last decade or so. If we want to use that, then the economy is doing pretty well.
OP gives a lot of other reasons to think otherwise. Using any one measure isn’t a good way to measure the economy.
Edit: also, people need to stop saying “inflation adjusted wages are flat since the 70s”. That was true in the years following the 2008 financial crisis, but it isn’t anymore. But as another poster in this thread points out, the working class is still not getting their fair share of GDP growth over that same time period.
Good point!