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Majority of Americans wrongly believe US is in recession – and most blame Biden
(www.theguardian.com)
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this post was submitted on 22 May 2024
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What indicators do you think would be accurate? I can probably find them for almost any metric
Corporations showing record profits tells me that it’s harder for everyday people. Record profits means cut hours, stagnated wages, outsourced labor, more expensive goods, “shrinkflation”, cheaper components, dialed back safety standards, crunch, making salaried employees perma-lance so they don’t have to worry about benefits anymore, ghost job postings that are never intended on being filled because being understaffed is the new normal, etc. And then corporations use that record profit to bribe the government into keeping it just as shitty as it is or making it worse for us.
The system is working as intended to siphon as much money and labor as it can from workers and consumers so the metrics focus on that. Then they have the nerve to tell us that we’re being crazy for thinking that things are getting difficult.