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> I'm reminded of the headline "More than 16M Americans have lost jobs in 3 week, dow's best week since 1938" That's likely a significant contributor behind th
by mschuster91 2y ago
> I'm reminded of the headline "More than 16M Americans have lost jobs in 3 week, dow's best week since 1938"
That's likely a significant contributor behind the November election results in the US and across Western countries in general. People aren't dumb, they spot through politicians and media claiming "good economy numbers" while their own paychecks don't come close to keeping up with inflation.
The economy numbers may be at record highs, but way too much of the wealth ends up in the pockets of a very select few.
- robertlagrant 2y ago> The economy numbers may be at record highs, but way too much of the wealth ends up in the pockets of a very select few. It's not that at all. Things like Russia spending all its money on the war effort boosts GDP, but doesn't help prices in the long term. The measures often don't measure costs, other than inflation.