Wait do bank accounts run out of money when you have to keep spending the money or???
Depends how much money you have to start.
Last year the bread price went from 2.50 a loaf to 2.75. This year the price of bread ONLY rose from 2.75 to 2.90. See? Things are getting better!
bread prices huh?
:can’t-remember-name-of-arm-right:
:can’t-remember-name-of-arm-left:
“ITS KONQUESTING TIME!”
Real average hourly earnings increased 0.8 percent, seasonally adjusted, from October 2022 to October 2023. The change in real average hourly earnings combined with a decrease of 0.9 percent in the average workweek resulted in no change in real average weekly earnings over this period.
Now ask them to adjust for housing costs, which they more or less never do.
They almost never include necessities in these calculations. To them the real measure of economic activity is the price of 65" TVs dropping 10%, not rent going up 100% or housing prices going up 200-300%, or food prices going up 60%.
Hey, you can get a smart TV for 85% the adjusted price of one last year and wages have gone up .8% on average meaning you can open another tv! Why are you complaining?
they would count house prices going up as sucess
Yeah, because they are housing prices going up as solidifying their position in the owning class
They definitely do! Rent went up? Oh, that means the GDP increased lol
to their mind rent going up is an increase in income not costs
Idk about you but new TVs is a primary monthly expense for me. I have like 6 in my bathroom alone.
Amerikkkan kkkrakkker spotted
You are just jealous of my FREEDOM
🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸
this bit works even better with a Malaysian flag
🇲🇾🇲🇾🇲🇾🇲🇾🇲🇾🇲🇾🇲🇾🇲🇾
Do NOT defile my FLAG with a damn MOON!
🇱🇷 🇱🇷 🇱🇷 🇱🇷 🇱🇷 🇱🇷 🇱🇷 🇱🇷 🇱🇷 🇱🇷
Gotta have Tucker Carlson shouting about communism at you from all angles, natural laxative
I have 8 in the room I’m in right now.
I bought one of them from a store, the rest are second-hand, 2 are over 20 years old.
IDK why anyone would use a consumer good that people buy on average like once a decade. Might as well include mattress and car prices in there.
This is what these policy wonk nerds do they mire you down in the little details, "um, SIR, ACTUALLY you got 0.8cents of a raise, adjusted for inflation in QE 3 of 2024, ipso facto things are better than 30 years go
"
The weasel wording of “rate of hourly earnings” and not “net income per paycheck”.
If your hourly wages increase but the number of hours you work is less than it was before, then your income has effectively been cut.
I should have made clear this is bls data, i don’t know what ft is citing outside of vibes
That’s even without jumping into quintiles. If two quintiles got shit on, and two got the bombenomics bonus, you’ll have your half of population mad. Not that ft cares
If you are outside the top decile then things have objectively gotten worse over the past 30 years.
Hilarious tbh. The audacity to publish a poll where you shit talk one segment of the population, not to mention 90%
It’s cool and good to shittalk the rich.
Am I out of touch? 🤔
No. It’s the masses who are wrong. 🙃
It’s a good thing that all workers experience life the same way as invented metrics
anytime I see some liberal writing about how the economy is doing great and they don’t understand why we think it’s bad I think of this
Nice try, but I’ve lived with narcissistic parents long enough to recognize when I’m being gaslit.
My mistake, I thought everything costs more and rent has fucking tripled since covid. I guess I’m actually not poor despite my lack of money
Did you read the basket of goods they use? It includes a tv ffs. Apparently tv prices matter to people who have to choose which meal they skip.
The wall is too kind for these stains upon humanity
Tv did take a huge dip in price (completely unrelated to the fact the majority of people were watching content on their phones or computer screens I’m sure) so literally every article uses them, the one thing that’s decreased in price, as a comparison point to show stuff isn’t getting more expensive.
The main reason TVs have dropped in price is because under surveillance capitalism the TV watches you. On a lot of models more money is made from all of the spyware and adtech that comes with TV than from the sale of the TV itself.
🎶 You think you’ve private lives Think nothing of the kind
There is no true escape I’m watching all the time 🎶
This explains why it’s virtually impossible to buy a “dumb” TV anymore.
Interactive TV sets will be watching us, just as we watch them. They will also report back to the beast at computer headquarters. Our telephone conversations will be automatically wire tapped and transcripted by the National Security Agency
Killah Priest “information”, from Heavy Mental, 1998
Haha, whoa, true on every point, love when people nail it
Yeah it’s the fuckin’ best…
I for one am purchasing a new TV each month. It’s a staple for our household. We go out and it’s like a nice little tradition we’ve established. Then we put it in the living room, hold hands, and skip around it chanting while we burn the old one at its feet so it knows to behave.
Have you checked your bank account for a recent inheritance from your dear aunt sally?
The fact that I have a very very rich great aunt who never spent a dime on herself (her husband who died before I was born, so must have been when she was in her 40s or so was like one of the earliest investors in AT&T and obviously that paid off big.) is pretty much what’s keeping me able to not be homeless. So…yeah, that is essentially the case.
There’s now like 2-5 Op-Eds/Twitter threads a week about how the economy is ASKCUALLY doing GREAT now, and every one gets posted to r/neoliberal
Shirt questions raised shirt
The funniest part is no one wants to talk about why roughly 10% to 15% say there is no inflation, they are wealthier than ever, and life is great but the other 90% of the US is screaming that they are living on the edge closer to homelessness and ruin than ever before. Sometimes these same articles will mention that luxury car sales are at an all time high as further evidence that the 90% are just being delusional.
Which socioeconomic class do your think the authors of all these articles and posts fall into, the 90% or 10%? Same people always try to point out to fellow Americans that by being in the US a person is automatically in the global top 10%, which is an insidious lie. It’s eye opening for most Americans when they learn only the top 15% of US households fall into the global top 10%, that most Americans don’t take home the required $150,000 USD or greater but a few tens of thousand each year and are indebted with zero savings. The sheer number of US adults who only manage to earn roughly $20,000 USD per year is hard for these people to wrap their minds around.
The US government only tracking “household income” rather than a break down of incomes for individual working aged US adults is also a slight of hand. An unspecified number of individual people living under one roof with multiple incomes being combined to get that household income number, further skewed by millions of functionally homeless (couch surfing, living in cars, living in motels a few days a week) working adults most of which are lower income being just ignored.
Mandatory optimism in all situations at all times is one of my least favorite parts of American culture
Also, I can say for sure that things were better in some ways 30 years ago because things like the patriot act and No Child Left Behind weren’t a thing yet
To paraphrase Bill Clinton’s campaign slogan “It’s the inflation, Stupid.”
wrongthink
uhhhh let them eat
cockcake?