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“Job market is strong” Are people being paid enough in this job market or is everyone just too desperate for crumbs to not work? “The S&P 500 is up 13% this ye

by _lvbh 2y ago

“Job market is strong” Are people being paid enough in this job market or is everyone just too desperate for crumbs to not work? “The S&P 500 is up 13% this year” 13% for the rich is millions. 13% for the poor is (metaphorical) pennies “62% of Americans own stocks, mostly through retirement and investing accounts” I own stocks, $170 worth to be exact. Not a very helpful metric when the gap in ownership is so large. “to think many people are just too dumb to know how good they have it.” Damn. “even if the annual rate of change is now more benign” What was that saying? Once you start using a metric as a goal, it ceases to be a good metric? “Now, do endless surveys asking people their opinions on the economy even matter? If Biden wins reelection in November, maybe not.” Surprised they made it this clear. Once you’re used to win the election, you don’t matter anymore (no matter which candidate wins) Seriously, how out of touch can and tone deaf can you be? Edit: at least tell me why I’m being downvoted…

jmclnx 2y ago
The economy is good and we have this: * Wages are staying ahead of inflation * Low Unemployment * Wall street is doing good But, for not 5% "top" people, the economy looks terrible because: * They see food, gas, housing and interest rates raising a lot. * Even though their wages are ahead of inflation, they do not know or understand this. Their bank accounts may be increasing, but they cannot and will not do 1+1. It is much easier to see raising costs than raising savings. * Job security is non-existent. Even though you may have a decent job and if you get laid you can find a new job relatively quickly. People do not feel secure and are afraid of loosing work, so they may be putting in extra hours to avoid that, thus no free time. * Billionaires, they are always hearing about these people and that makes them feel even worse. The Democrats are ignoring that and have no response to it. The GOP is great at pushing the bad economy and hate towards immigrants. So, when people feel insecure, they are easily pushed into the MAGA state many people are in.

by _lvbh 2y ago

jmclnx 2y ago

The economy is good and we have this: * Wages are staying ahead of inflation * Low Unemployment * Wall street is doing good But, for not 5% "top" people, the economy looks terrible because: * They see food, gas, housing and interest rates raising a lot. * Even though their wages are ahead of inflation, they do not know or understand this. Their bank accounts may be increasing, but they cannot and will not do 1+1. It is much easier to see raising costs than raising savings. * Job security is non-existent. Even though you may have a decent job and if you get laid you can find a new job relatively quickly. People do not feel secure and are afraid of loosing work, so they may be putting in extra hours to avoid that, thus no free time. * Billionaires, they are always hearing about these people and that makes them feel even worse. The Democrats are ignoring that and have no response to it. The GOP is great at pushing the bad economy and hate towards immigrants. So, when people feel insecure, they are easily pushed into the MAGA state many people are in.