this post was submitted on 26 Dec 2023
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politics

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[–] blazera@kbin.social 142 points 11 months ago (32 children)

My wages have not gone up and the prices i pay are still going up.

[–] the_q@lemmy.world 85 points 11 months ago (2 children)

But the economy is doing great! Billionaires and corporations are making record profits while eliminating thousands and thousands of jobs!

[–] disheveledWallaby@lemmy.ml 37 points 11 months ago (1 children)

The DOW is a misery index. A measure of how much wealth can be extracted from the working class and reappropriated to the wealthy.

[–] NatakuNox@lemmy.world 18 points 11 months ago (20 children)

Ya but they fired one full time worker and replaced them with three part time workers! Progress!

[–] AltheaHunter@lemmy.blahaj.zone 4 points 11 months ago

All hail the job creators!

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[–] the_post_of_tom_joad@sh.itjust.works 9 points 11 months ago (2 children)

"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

[–] Transporter_Room_3@startrek.website 12 points 11 months ago (1 children)

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.

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[–] fosforus@sopuli.xyz 0 points 11 months ago (1 children)

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

[–] the_post_of_tom_joad@sh.itjust.works 0 points 11 months ago* (last edited 11 months ago)

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.

[–] stevehobbes@lemy.lol 4 points 11 months ago (1 children)

Mine and my wife’s have, it’s all anecdata, but we’re doing better than before.

[–] blazera@kbin.social 2 points 11 months ago (1 children)

Min wage not increasing and prices increasing isnt anecdotal

[–] stevehobbes@lemy.lol 3 points 11 months ago

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

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