3 ms·

2021-22 is cherry-picked to land dead center in the middle of the inflation burst. Check the FRED charts I posted elsewhere in this thread and look to numbers

by ajross 3y ago

2021-22 is cherry-picked to land dead center in the middle of the inflation burst. Check the FRED charts I posted elsewhere in this thread and look to numbers before covid. They literally say the opposite.

orwin 3y ago
It's inflation adjusted. On the income graph you shared, the same decline was present (but it stopped in 2022 too, which is the last data we have, so 'cherry-picked'). Also nothing about the gini coefficient. Also, if wages are a shrinking percentage of income, that mean rent will slowly bring more money home than work, which is terrible news.
orwin 3y ago
Also, sorry if it seems I pile on you, but I was looking at disposable income for an unrelated reason and thought back at our discussion, changed to country to the US, and once again confirmed my original thoughts. Here the gross per capita disposable income 2008-2022: https://data.oecd.org/chart/7hG5 https://data.oecd.org/chart/7hG5 Once again, a lot of limits: 2022 was indeed worse than surrounding years, it's per capita, because median it really hard to find, and income is not really meaningful, not if the subject is the working poor.
- ajross 3y ago
  Again, this is horrible, horrible cherry picking! 1. 2022 was right in the middle of the disruption, which is now over. 2. You're showing a derivative chart and not the value, which amplifies noise into signal. What if it showed a giant leap in the following quarter (which it does!), would you change your mind from "it's terrible" to "it's amazing"? 3. Disposable income tends to be a noisy statistic anyway as it's a delta statistic conflates motion of two different measurables (income and expenses) that are perfectly measurable by themselves. 4. You're just wrong anyway. Here's the FRED chart (always go to FRED, always, everyone else is peddling something) of exactly the statistic you posted. Tell me if this chart is consistent with the story you interpreted: https://fred.stlouisfed.org/series/DSPI https://fred.stlouisfed.org/series/DSPI Edit, sorry: that was the nominal chart, here's the inflation-correct one. Needless to say, it tells the same story: https://fred.stlouisfed.org/series/DSPIC96 https://fred.stlouisfed.org/series/DSPIC96

by ajross 3y ago

orwin 3y ago

It's inflation adjusted. On the income graph you shared, the same decline was present (but it stopped in 2022 too, which is the last data we have, so 'cherry-picked'). Also nothing about the gini coefficient. Also, if wages are a shrinking percentage of income, that mean rent will slowly bring more money home than work, which is terrible news.

orwin 3y ago

Also, sorry if it seems I pile on you, but I was looking at disposable income for an unrelated reason and thought back at our discussion, changed to country to the US, and once again confirmed my original thoughts. Here the gross per capita disposable income 2008-2022: https://data.oecd.org/chart/7hG5 https://data.oecd.org/chart/7hG5 Once again, a lot of limits: 2022 was indeed worse than surrounding years, it's per capita, because median it really hard to find, and income is not really meaningful, not if the subject is the working poor.

ajross 3y ago
Again, this is horrible, horrible cherry picking! 1. 2022 was right in the middle of the disruption, which is now over. 2. You're showing a derivative chart and not the value, which amplifies noise into signal. What if it showed a giant leap in the following quarter (which it does!), would you change your mind from "it's terrible" to "it's amazing"? 3. Disposable income tends to be a noisy statistic anyway as it's a delta statistic conflates motion of two different measurables (income and expenses) that are perfectly measurable by themselves. 4. You're just wrong anyway. Here's the FRED chart (always go to FRED, always, everyone else is peddling something) of exactly the statistic you posted. Tell me if this chart is consistent with the story you interpreted: https://fred.stlouisfed.org/series/DSPI https://fred.stlouisfed.org/series/DSPI Edit, sorry: that was the nominal chart, here's the inflation-correct one. Needless to say, it tells the same story: https://fred.stlouisfed.org/series/DSPIC96 https://fred.stlouisfed.org/series/DSPIC96