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This is the reason for the disparity. Low income people will swear on their life that we are in a recession, because they literally can't buy as much food as th
by yoyohello13 2y ago
This is the reason for the disparity. Low income people will swear on their life that we are in a recession, because they literally can't buy as much food as they used to be able to. But Middle-class -> rich people just point to the stock market and tell them they are wrong.
This is a great time to be wealthy. All that juicy human labor is ripe for the taking.
- mechagodzilla 2y agoThe word 'recession' means something though, and it's neutral on whether or not any particular humans have more income or cheaper goods. If you get a raise at work, it doesn't mean we're not in an economic recession as a country, and if you get fired or the price of gas goes up, it doesn't mean we are.
- yoyohello13 2y agoYeah I understand recession is a technical term. I'm just trying to explain why we keep hearing people say we are in a recession. Most people don't care what the term technically means. They just know their buying power is decreasing while wealthy people are doubling their net worth. People just want to be able to afford to live and affluent people keep pointing to the chart and saying it's not a problem, but it is a problem. We probably need a new name for it.
- tdb7893 2y agoSomeone I was talking to made up the term "targeted recession" to describe it as some communities are definitely experiencing negative growth while overall metrics seem positive.