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My wages have not gone up and the prices i pay are still going up.
But the economy is doing great! Billionaires and corporations are making record profits while eliminating thousands and thousands of jobs!
The DOW is a misery index. A measure of how much wealth can be extracted from the working class and reappropriated to the wealthy.
What does DOW stand for?
https://en.m.wikipedia.org/wiki/Dow_Jones_Industrial_Average
Ya but they fired one full time worker and replaced them with three part time workers! Progress!
All hail the job creators!
"fool! If you knew economics better you'd understand that your buying power is the wrongest metric. Look at the stonks you uncultured swine!"
-a super smart economist, probably
I had someone try to tell me that the economy is better than ever, people are more rich than ever, and my "personal anecdotal evidence" can be completely dismissed.
It's no longer "personal anecdotal evidence" when 150,000,000 people are experiencing the same thing just in my own country.
https://www.statista.com/statistics/1351276/wage-growth-vs-inflation-us/
Seems like wages have been rising faster than inflation since February 2023. BR, super smart economist, probably
So what you kinda tried to say without saying just now was that your data refutes my point. Before i waste time playing with you on a topic i felt done with yesterday im gonna make you commit more. Is that what you are saying? That your data, february 23 to today wage growth vs inflation, refutes the points ive made yesterday about massaged data being used to misrepresent reality? And this data shows me that the increased costs of living have been, for nearly a year, outstripped by wage increases for Americans across the board? I need to know what you mean, precisely.
Mine and my wife’s have, it’s all anecdata, but we’re doing better than before.
Min wage not increasing and prices increasing isnt anecdotal
At least where I am, no one makes minimum wage. Fast food and retail jobs are $17+/hr.
Minimum wage is irrelevant if the prevailing wages are higher. It seems like monthly we're hearing that a union has signed a new record breaking pay agreement.
That is not anecdotal - pay is going up: https://www.bls.gov/news.release/empsit.t19.htm https://tradingeconomics.com/united-states/wages