Who do I believe, you or my lying eyes? And I’m no trumper. This administration purposefully skews the numbers. I get why, but it’s so obvious I don’t see how you can fall for it. Everything is 20.6% to 50%+ more expensive. Some people got wage increases. MOST did not. Even if you got a few percent here or there, you’re spending more for the same stuff. That’s not better off. That’s inflation eating your salary gain, or non gain, more than just a lower or flat salary.
Less than half of people who got new jobs since the pandemic got “the same or more pay”. That means of the jobs created, half lost wages. Looking at simple shareholder data for companies employee wages went up a few percent, like always. Meaning on aggregate, wages up with standard levels of inflation. Which is what Biden pushes.
Factor in the actual consumer price index, it’s clear to see.
For me personally, as well as every single human I know and interact with personally, EVERYONE, is worse off. A 7% mortgage vs a 3% mortgage is a huge killer.
Stocks are up. Great if you’re selling. That’s not a long term economy, that’s short term gains.
Who do I believe, you or my lying eyes? And I’m no trumper. This administration purposefully skews the numbers. I get why, but it’s so obvious I don’t see how you can fall for it. Everything is 20.6% to 50%+ more expensive. Some people got wage increases. MOST did not. Even if you got a few percent here or there, you’re spending more for the same stuff. That’s not better off. That’s inflation eating your salary gain, or non gain, more than just a lower or flat salary.
Less than half of people who got new jobs since the pandemic got “the same or more pay”. That means of the jobs created, half lost wages. Looking at simple shareholder data for companies employee wages went up a few percent, like always. Meaning on aggregate, wages up with standard levels of inflation. Which is what Biden pushes.
Factor in the actual consumer price index, it’s clear to see.
For me personally, as well as every single human I know and interact with personally, EVERYONE, is worse off. A 7% mortgage vs a 3% mortgage is a huge killer.
Stocks are up. Great if you’re selling. That’s not a long term economy, that’s short term gains.
Most people did get wage increases
https://home.treasury.gov/news/featured-stories/the-purchasing-power-of-american-households
There’s the data