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The 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 w
by mechagodzilla 2y ago
The 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.