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A Very Good Sign: Kamala Harris Is Going Right at Corporate Greed
(newrepublic.com)
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this post was submitted on 17 Aug 2024
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politics
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So groceries go up 150-200% and wages go up by 15% and somehow that's a win?
ETA not to mention inflation being something like 2.5% per year at least
You’re using % in different ways which make it sound like groceries went up exponentially more than wages, which they did not.
Groceries did not go up 150-200%. They are currently costing ~20% more. Depends on what you’re looking at.
Sssh you're not supposed to use the actual numbers
You're supposed to pull Trump-style wild exaggerations out of thin air, and then disappear and have someone else take over (apparently) when someone questions the reality you are presenting
You're misunderstanding the chart -- that's all inflation-adjusted wages. Cumulative inflation (which, again, was follow-on impacts from Covid, mostly unavoidable although I'm sure Trump didn't help) was around 20% in total. So low-wage income went up 33%, high-wage income went up 24%, and so on, and then about 20 percentage points worth of that got eaten back up by inflation.
Basically the working class exceeded inflation by quite a lot, and everyone at least kept pace with it (2 percentage points above inflation means basically no detectable change).
What groceries are you paying 200% more for? Even for the very highest items like eggs, it's been like 40% increase cumulatively.
The whole problem currently is that it was way the fuck more than 2.5%, and prices from the spike in 2021-2022 haven't gone back down or anything. Here's the chart. The wages chart I showed was inflation-adjusted.
This is only true of you believe inflation figures are an accurate reflection of the cost of living. Most people saw an increase in their rent and groceries of 50-100% since 2019.
Are the people who earned $7 in 2019 making a $10-14 minimum today? Are the people who were on 30k now making 45-60k? If you genuinely believe that, you'll believe anything...
What is your source for this?
(FTFY, hope that helps)
(Also, what happened to the other person who was saying 200%? Is this like a tag team where everyone takes their turn to send one and exactly one message to me, so that the abandonment of the 200% figure can be replaced with other equally incorrect figures in a way that I then have to disprove afresh as if the whole first conversation hadn’t happened?)
Source sorely needed. Y’all need to stop making up numbers. Especially ones that are so patently false at first glance.
You’ve got one guy saying groceries went up 150-200% and you now tacking on rent and saying both together went up 50-100%. These are fabrications. Show your damn homework.
I've reported this as misinformation after the discussion in !news@lemmy.world
People who earned $7 in 2019 are currently, on average, making $9.24 - an increase that comfortably exceeded inflation. If you want to say we need to do way more because that amount of income is still a fucking crime, then that sounds good. If you want to say we need to get rid of the team that achieved that $2.24 increase, instead of seeing what they will do with another 4 years and even if the alternative is to bring it back down to $7, then I have some questions
I've reported this as misinformation, after the discussion in !news@lemmy.world