3 ms·
Minor nit, the wage explosion was _wild_. Basically we moved a bunch of workers that were going to retire in the next ~5 years into a single year and stomped on
by kasey_junk 3y ago
Minor nit, the wage explosion was _wild_. Basically we moved a bunch of workers that were going to retire in the next ~5 years into a single year and stomped on immigration.
Suggesting that it coming off of that to a more normal growth pattern makes the economy very sick seems like a mischaracterization.
- JumpCrisscross 3y ago> Suggesting that it coming off of that to a more normal growth pattern makes the economy very sick seems like a mischaracterization Sorry if I was unclear. The sickness was the literal pandemic. The economy isn't currently sick, but it's not as robust as it was in recent memory. Many Americans can reasonably look at the data, see everyone remarking at the economy's unexpected strength, find themselves in no better condition than they were half a decade ago, and feel tempted to call shenanigans on the whole thing.