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0 pointsbequanna2y ago0 comments

Compare food and housing costs vs earnings now and what they were 5 years ago.

In reality, you don’t have to. You know that even if you have been getting a raise at work it is nowhere near what real inflation has been.

This is objective reality. The economy is shitty for most.

0 comments

laidoffamazon2y ago

Real disposable personal incomes are up from 5 years ago. The spike in 2020 was because of a flood of government money and all of the low wage workers being ejected from the workforce.

https://fred.stlouisfed.org/series/DSPIC96

The economy being fine to good is literally the only evidence available. Nobody is acting or voting like the economy is actually bad.

We're seeing revealed preferences in action.

bequannaOP2y ago

“Real disposable incomes” <- this is based on an inflation measuring methodology that intentionally under measures inflation

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