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> People measure this stuff. What you say is wrong. Can you send me a link that shows measurements of: a) X: The price of a specific standardized basket of go
by quadrifoliate 3y ago
> People measure this stuff. What you say is wrong.
Can you send me a link that shows measurements of:
a) X: The price of a specific standardized basket of goods used for CPI, broken down by exactly how much it cost in 2019 v/s 2023 (linking to a magic number for the whole basket is not acceptable, this needs to demonstrate exact prices of specific items, like the price of 160z of cheese. Varying baskets are also not acceptable, because then you're not measuring the same thing).
b) Y: The exact median income of a household in 2019 v/s 2023
I'll accept that prices have gone down and things have gotten better if X/Y as of 2019 is less than X/Y as of 2023.
> You can't just throw out decades of research and process development on CPI indicators because of your Netflix bill!
It's the other way round -- you can't just handwave some “decades of research and development” at people and claim that they should magically feel better off than four years prior. A lot of times this R&D is motivated by pressures that are unrelated to measuring the economic wellbeing of families, and any research is going to have its flaws that don't exactly match up to how the median family is feeling economic pressures. People who claim that the research is correct need to share specifics.
- ajross 3y agoThere are FRED charts elsewhere in this thread answering both your demands. But again, I don't care if you "believe" me or not. My point is precisely that your belief is decoupled from data. It's not my job to give you the data, it's yours. And by your own admission you don't want to do that. That's the problem.
- quadrifoliate 3y agoAgain, just chanting "FRED charts" is not a magic wand. One of the FRED chart links you posted [1] shows real median household income trending steadily downward from 2019's peak of from 78,250 in 2019 to 74,580 in 2023. That's literally a decrease. I am not clear as to why you want me and others to somehow see that as an increase? And don't say "cherry-picking", there were no stimulus checks in 2019. ---------------------------------------- [1] https://fred.stlouisfed.org/series/MEHOINUSA672N https://fred.stlouisfed.org/series/MEHOINUSA672N