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this post was submitted on 20 May 2024
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Also an over reliance on data from averages which basically buries the truth that most people aren't seeing any benefit from anything. They continue to trot out wage growth being high but never seem to cite the data that proves it. Because it's damning, with it overwhelming coming from rich wage earners commanding higher wages while poor working class continue to not see any gains at all unless they have a union, in which case Biden is not given credit because he didn't do shit, the workers did that for themselves and Biden wants credit for workers striking while Biden offer striking workers contempt at best for daring to slow down his economy.
To bring in some anecdotal horseshit, my buddy in tech has nearly doubled his salary over the last three years, but they also fired 20% of their workforce. And he barely works, maybe takes two or three calls a day. This is in comparison to factory jobs in the area maybe rising about 20%, most of which has been eaten by inflation. We can buy electronic toys and tools (things that come from China hint hint) more easily, but you can't eat a Milwaukee.