A new Harris poll for The Guardian found that the majority of Americans believe that the U.S. is in a recession.
This is patently untrue.�
The U.S. is experiencing an ...
It is, in fact, time to stop being the bigger person and start being the more effective person. I don’t care if we set an example, let’s get some shit done.
Doing enough should be dragging price gouging executives through the street. But I guess wagging a finger at them will definitely make my grocery bill go down🤷🏼♂️
Man, the way they calculated this statistic is so misleading, and counter intuitive to the claim it’s ridiculous.
The only reason for “real wage growth” is shown as outpacing inflation is because they aren’t counting people who lost their job because of COVID as a loss of income, but as someone exiting the job market.
Basically “wages” increased because the majority of people who lost their jobs were low income earners, leaving more white collar jobs to represent wage earnings.
It’s in the article you linked as a source… Did you not read it?
As the figure shows, average real wages rose sharply at the onset of the pandemic, but that’s because the bottom dropped out of the labor market when millions of lower-wage workers lost their jobs. Average real wages then fell sharply in the pandemic recovery as many of those lower-wage workers returned to work, pulling down the average.
The problem with economic studies is that they are usually made by people trying to argue one point or another, it’s not the same as scientific study where proving or disproving your hypothesis is an academic benefit either way.
It makes it easy to quantify, something unlike “wages out pacing inflation”, you just have to redifine some terms, and then something like thousand of lay offs becomes a net positive instead of a bleak reality.
Groceries. Are. Still. High. Where is the confusion???
Because grocery prices aren’t high because the economy is doing poorly. We are being price gouged by grocery cartels.
You are being fooled into blaming Biden for what CEOs are doing to you.
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Agreed.
It is, in fact, time to stop being the bigger person and start being the more effective person. I don’t care if we set an example, let’s get some shit done.
Democrats are already moving in the direction you want them to, but I’m sure you have a great excuse as to why they aren’t doing enough.
https://time.com/6977026/democrats-biden-executive-authority-grocery-prices/
Doing enough should be dragging price gouging executives through the street. But I guess wagging a finger at them will definitely make my grocery bill go down🤷🏼♂️
They could address stagnant wages in the midst of record inflation. What’s minimum wage again?
https://www.reuters.com/legal/government/us-appeals-court-upholds-bidens-15-minimum-wage-recreational-contractors-2024-04-30/
https://www.courthousenews.com/democrats-push-for-17-minimum-wage-by-2028/
https://www.cnn.com/2021/01/26/politics/congress-15-dollar-minimum-wage-increase-democrats/index.html
Furthermore, wage growth has been beating inflation for the most recent 12 months.
Man, the way they calculated this statistic is so misleading, and counter intuitive to the claim it’s ridiculous.
The only reason for “real wage growth” is shown as outpacing inflation is because they aren’t counting people who lost their job because of COVID as a loss of income, but as someone exiting the job market.
Basically “wages” increased because the majority of people who lost their jobs were low income earners, leaving more white collar jobs to represent wage earnings.
Source?
It’s in the article you linked as a source… Did you not read it?
The problem with economic studies is that they are usually made by people trying to argue one point or another, it’s not the same as scientific study where proving or disproving your hypothesis is an academic benefit either way.
It makes it easy to quantify, something unlike “wages out pacing inflation”, you just have to redifine some terms, and then something like thousand of lay offs becomes a net positive instead of a bleak reality.
Bidens only response is asking them to stop price gouging then doing nothing when they don’t stop screwing Americans
why do people think nothing has been done?
Right. Fuck, better go back to trump because Biden didn’t solve it.
Get the Mexicages back out, remove presidential term limits, let’s do a day ™ of fascism and put anyone who trump owes money back in charge!
I’m not saying this is your perspective but this is the kind of stupid in reading here that starts from the same perspective.