News
Welcome to the News community!
Rules:
1. Be civil
Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.
2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.
Obvious right or left wing sources will be removed at the mods discretion. We have an actively updated blocklist, which you can see here: https://lemmy.world/post/2246130 if you feel like any website is missing, contact the mods. Supporting links can be added in comments or posted seperately but not to the post body.
3. No bots, spam or self-promotion.
Only approved bots, which follow the guidelines for bots set by the instance, are allowed.
4. Post titles should be the same as the article used as source.
Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.
5. Only recent news is allowed.
Posts must be news from the most recent 30 days.
6. All posts must be news articles.
No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.
7. No duplicate posts.
If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.
8. Misinformation is prohibited.
Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.
9. No link shorteners.
The auto mod will contact you if a link shortener is detected, please delete your post if they are right.
10. Don't copy entire article in your post body
For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.
view the rest of the comments
It's the gaslighting that's pissing people off. "The economy is great!" ... "For who?!"
I did increase my salary by close to 50%! I still hate it. I still can't get out of debt without spending the next 5 years repaying it and you bet your ass I'm not seeing a possibility to ever buy a house unless I land a unicorn local first time buyer scheme which I imagine has a massive demand for.
Shit is fucked. I'm in the top 1 or 2% but so much of my money goes to rent in a tiny ass village with a 30 min commute that the situation is just depressing.
So you're making 200k+ a year and can't afford to pay your debts? Sounds like a money management issue with that kind of salary. To put it in context a modest rent of $2000 a month would be about 24000 a year out of your 138000 take home pay. So either you're not in the top 2 percent or something's fishy.
People accrue debt during bad times then have to pay it during good times, but often couldn't have made it through to those good times without spending on the way. I am still paying off the accrued deficit from when we had a family of 4 living on 15k a year, then later 6 on 50k, we were always so close to ok but not quite and year after year it accrues. Well during that time I went to university, made more but still not enough for a family, eventually split with my ex, now in a functional 2 earner plus couple of part time jobs situation we are sorta raking it in now but both still paying for when we were not.
People who make good money probably didn't always make good money. People who raised other people also take a financial hit for awhile. I'm assuredly better off from having kids, wouldn't have bothered getting the degree and better job without them, but the payoff is slow not immediate.
https://data.bls.gov/cgi-bin/cpicalc.pl?cost1=100&year1=202001&year2=202402
That's high -- CPI is up 20.29% from January 2020 to February 2024.
Yes but the data is skewed. The 20.6% is true. But if you don't buy those items that's not the amount. Many items are double what they were. Lots over 50% increase.
Vehicles, insurance rates, computer components, huge increases. Eggs, milk, and bread 20%. Not everyone is buying only staples.
I'm doing better. Though I did switch jobs in 2020 and 2022, which offset most the inflation.
Yes you'd be one that job hopped during the best time to. Before layoffs with huge increases. For you with 2 hops even with high inflation, you're probably better off. Which is awesome. But abnormal.
It's the same reason Republicans are asking "are you better off than you were four years ago?"
Anyone with an existing ideology probably knows who they are voting for. Swing voters are emotional.
Republicans are whistling to those just willing to judge the economy based on a Democrat being in office.
Biden is trying to thread the needle by pointing out there have been positive indicators without shirting on his own policies or advocating straight up anti capitalist messages.
After the primaries, the race is always a race to the middle.
The issue is the Republicans are correct. Are you better off now vs 4 years ago financially? For the majority of Americans, that's a no. For almost all Americans that's a no.
Even on MSNBC they never answer that question financially. It's always about being locked up during Covid, stacking the courts, etc. The only thing doing better are stocks which are worthless until you cash them out. And the minority of people who job hopped.
Democrat voters aren't idiots like republicans. Telling them you're doing better when they factually are not will grind many peoples' gears.
Yes the Biden years have not been some sort of economic triumph, but if you take the question at face value, how were things four years ago? They were horrible. Unemployment was record highs. Stocks had tanked. Hundreds of thousands of people were about to die. Etc etc etc.
That's the problem with the binary decision, about the role of president, who doesn't even make a lot of the critical economic decisions anyways.
The economy is not "good" but many indicators have been improving or are better than expected. But mishandling an event like a pandemic will certainly tank the economy, just like neoliberal policies will generally lead to a good stock market and little else.
But the Democrats are specifically touting you are better off financially. The whole pandemic thing and death and unemployment is a different topic. If you add up all the Americans that switched to a higher paying job in the past 4 years that offsets inflation I don't know what the number would be.
If it's 6 million jobs a year (6.4m in 2021) and 50% get a raise, that's 3million peeps a year better off. 4 years, 12million people. 12/300 is 4%. So the economy is factually better for 4% of the country.
That's not a "the economy is doing great!" slogan. That's a "4% of the working class is doing great! The other 96% can suck rocks and like it"
Edited: The 50% came from a self reported study in 2022 that said 50% of respondents said they were paid the same or more in their new job. Even if it was 5% more they're included in the above number. So I feel this is a very generous number of 4%.