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Compare food and housing costs vs earnings now and what they were 5 years ago. In reality, you don’t have to. You know that even if you have been getting a rai
by bequanna 3y ago
Compare food and housing costs vs earnings now and what they were 5 years ago.
In reality, you don’t have to. You know that even if you have been getting a raise at work it is nowhere near what real inflation has been.
This is objective reality. The economy is shitty for most.
- laidoffamazon 3y agoReal disposable personal incomes are up from 5 years ago. The spike in 2020 was because of a flood of government money and all of the low wage workers being ejected from the workforce. https://fred.stlouisfed.org/series/DSPIC96 https://fred.stlouisfed.org/series/DSPIC96 The economy being fine to good is literally the only evidence available. Nobody is acting or voting like the economy is actually bad. We're seeing revealed preferences in action.
- bequanna 3y ago“Real disposable incomes” <- this is based on an inflation measuring methodology that intentionally under measures inflation