The economy wasn’t “doing fine” for more than half the population. Wages are still stagnant, and no one is proposing a solution to that, from either party.
Meanwhile the cost of living just keeps getting higher, which shows up on paper in the form of higher profits for the same companies that are no longer paying their employees enough to live.
We are accelerating towards a cliff. And all anyone is doing, is trying to take credit for how great everything is, while simultaneously blaming the other guy for everything that’s wrong.
Wages were increasing more-quickly than inflation when Biden left office. We had a high rate of inflation, at which point inflation grew more quickly than wages, during the COVID-19 pandemic. That produces a decline in real wages. However, that relationship had reversed by the time Biden left office.
The economy wasn’t “doing fine” for more than half the population.
People who think like that are the reason Trump got elected.
the economy ≠ standard of living
The problem was purchasing power, wages, and inflation. People’s standard of living was suffering, but the “economy” wasn’t. Conflating the two is why Trump’s stupid rhetoric resonated so much with the uneducated Magats that voted him in: they thought he was promising to fix their standard of living, while the reality was that he was promising to “fix” something that wasn’t broken.
Actually YOUR way of thinking is why Trump won the election.
The stock market =/= the economy
The reason why Dems lost on the economy, is because they don’t understand this basic fact of reality. Telling people that everything is fine, when they can plainly see that it isn’t, is a losing strategy.
The real economy of paychecks, groceries and rent payments IS broken. And until it gets fixed, we will have people like Trump winning elections. Even if it’s all a lie…they are the only ones acknowledging that anything is wrong.
You’re making a very big leap in assuming I don’t condemn the Democrats and their attempt to convince voters everything is fine.
They’re a party led by geriatric, upper-class rulers. No shit, their doubling down on “the economy is fine” didn’t work—they don’t understand or care to understand what the people want. All they care about is what their corporate donors pay them to care about.
That doesn’t absolve the rural conservative voters, though. The literal definition of economy is the wealth and resources of a country as a whole. As far as things were going, our lovely oligarchs and mega corporations were doing just fine and skewing that number upwards. And that’s the problem. It’s not that we had a failing economy; it’s that we have disgustingly bad wealth distribution. A voter base capable of understanding what they’re actually asking for (higher wages, more purchasing power, higher taxes for multimillionaires) would have seen right through Trump’s sensationalist bullshit, not barreled directly into it.
companies that are no longer paying their employees enough to live.
I just find another job with higher pay, I don’t expect or beg my current employer to pay me more. I move elsewhere if they don’t pay me enough. It is just business, nothing personal.
If my employer is not paying me what I can get elsewhere, including the rest of the world, I see that my boss is either cheating me or is incompetent. So I start interviewing new bosses and fire current boss as soon as I find a competent one.
Ok, so is it just that you don’t understand how inflation works? If we just expect to “get a better paying job” without raising wages along with inflation, then we’d all be earning the same as people did a century ago, while the cost of everything would still go up.
Can you imagine how hard it would be, to afford things today, if you still only earned 25 cents a day? Yeah. We’re heading in that direction. Either wages keep pace with progress, or a very large portion of the population is going to rebel.
Raising wages inflation can also cause issues as it can at times solidify the inflation that’s happened because now the cheapest thing to make now costs more to make such means people need more money to buy things.
Which is why whenever minimum wage increases it didn’t seem to actually fix anything, it just keeps the status quo where the working class are struggling, kept at the point of struggle. It’s like financial edging.
The issue that needs to actually get solved is for the rich to be less likely to hoard wealth and to stop paying c-suites exorbitant salaries, and actually being hard as fuck on their proposed taxes instead of letting them dodge it.
Raising the minimum wage absolutely does help fix things. But that help is temporary, because inflation never goes back down…only up.
The price of bread in 1930 was a dime. Now it’s as much as $3 in most places. That’s just how inflation works. If wages don’t scale with that, then people will eventually starve.
But I agree with you on the source of the current problem. Companies have stopped scaling wages to match the current inflation rates. Tax relief used to be contingent on reinvesting profits back into the company…and one of the simplest ways of doing that was to increase salaries. That is no longer a clearly defined requirement. This has allowed companies to “reinvest” in all kinds of obscure, self-serving ways instead, leaving workers behind in the process.
The economy wasn’t “doing fine” for more than half the population.
Actually yes it was, there was inflation after covid, but that was steadily getting better.
Criticizing the ones that do better is not constructive, that just makes you sound like a fanatic MAGA Trump supporter.
Obviously things are way worse under Trump, and you have to buy only 2 dolls now! If you can’t see how that moron is malignant IDK what to tell.
If you want more left wing politicians to succeed, the only option at elections right now is to support democrats, and push for more left wing candidates.
It’s extremely tiresome to hear the constant whining about how Biden wasn’t good enough, when he obviously was the better option at the time. Don’t blame Biden, blame the ignorant people who voted against their own interests to hurt others, like immigrants, lgbt, colored people and pregnant women. What they forget is that they become victims too, because Trump is also going after the poor and working class.
You are either working for Putin, or you are working against your own interests with posts like the response you made to the fact that Biden delivered a very healthy economy to Trump.
You don’t seem to understand that inflation didn’t reverse…it just slowed back down to normal levels. Anything new who didn’t get raises equivalent to that inflation, now effectively earns less than they did three years ago. And inflation is still rising, just not as fast.
You have to catch up with those excessive rates in order to have the same level of purchasing power as you did before they went up.
The fact that you’re accusing me of “working for Putin” just for pointing out basic economics, is really bizarre. I’m curious to know why you think those things are related.
The economy wasn’t “doing fine” for more than half the population. Wages are still stagnant, and no one is proposing a solution to that, from either party.
Meanwhile the cost of living just keeps getting higher, which shows up on paper in the form of higher profits for the same companies that are no longer paying their employees enough to live.
We are accelerating towards a cliff. And all anyone is doing, is trying to take credit for how great everything is, while simultaneously blaming the other guy for everything that’s wrong.
Wages were increasing more-quickly than inflation when Biden left office. We had a high rate of inflation, at which point inflation grew more quickly than wages, during the COVID-19 pandemic. That produces a decline in real wages. However, that relationship had reversed by the time Biden left office.
You and them are about to find out how good it was… it’s about to fall off a cliff for most
It has been, for a long time.
People who think like that are the reason Trump got elected.
the economy ≠ standard of living
The problem was purchasing power, wages, and inflation. People’s standard of living was suffering, but the “economy” wasn’t. Conflating the two is why Trump’s stupid rhetoric resonated so much with the uneducated Magats that voted him in: they thought he was promising to fix their standard of living, while the reality was that he was promising to “fix” something that wasn’t broken.
Actually YOUR way of thinking is why Trump won the election.
The stock market =/= the economy
The reason why Dems lost on the economy, is because they don’t understand this basic fact of reality. Telling people that everything is fine, when they can plainly see that it isn’t, is a losing strategy.
The real economy of paychecks, groceries and rent payments IS broken. And until it gets fixed, we will have people like Trump winning elections. Even if it’s all a lie…they are the only ones acknowledging that anything is wrong.
You’re making a very big leap in assuming I don’t condemn the Democrats and their attempt to convince voters everything is fine.
They’re a party led by geriatric, upper-class rulers. No shit, their doubling down on “the economy is fine” didn’t work—they don’t understand or care to understand what the people want. All they care about is what their corporate donors pay them to care about.
That doesn’t absolve the rural conservative voters, though. The literal definition of economy is the wealth and resources of a country as a whole. As far as things were going, our lovely oligarchs and mega corporations were doing just fine and skewing that number upwards. And that’s the problem. It’s not that we had a failing economy; it’s that we have disgustingly bad wealth distribution. A voter base capable of understanding what they’re actually asking for (higher wages, more purchasing power, higher taxes for multimillionaires) would have seen right through Trump’s sensationalist bullshit, not barreled directly into it.
I just find another job with higher pay, I don’t expect or beg my current employer to pay me more. I move elsewhere if they don’t pay me enough. It is just business, nothing personal.
If my employer is not paying me what I can get elsewhere, including the rest of the world, I see that my boss is either cheating me or is incompetent. So I start interviewing new bosses and fire current boss as soon as I find a competent one.
Ok, so is it just that you don’t understand how inflation works? If we just expect to “get a better paying job” without raising wages along with inflation, then we’d all be earning the same as people did a century ago, while the cost of everything would still go up.
Can you imagine how hard it would be, to afford things today, if you still only earned 25 cents a day? Yeah. We’re heading in that direction. Either wages keep pace with progress, or a very large portion of the population is going to rebel.
Raising wages inflation can also cause issues as it can at times solidify the inflation that’s happened because now the cheapest thing to make now costs more to make such means people need more money to buy things.
Which is why whenever minimum wage increases it didn’t seem to actually fix anything, it just keeps the status quo where the working class are struggling, kept at the point of struggle. It’s like financial edging.
The issue that needs to actually get solved is for the rich to be less likely to hoard wealth and to stop paying c-suites exorbitant salaries, and actually being hard as fuck on their proposed taxes instead of letting them dodge it.
Raising the minimum wage absolutely does help fix things. But that help is temporary, because inflation never goes back down…only up.
The price of bread in 1930 was a dime. Now it’s as much as $3 in most places. That’s just how inflation works. If wages don’t scale with that, then people will eventually starve.
But I agree with you on the source of the current problem. Companies have stopped scaling wages to match the current inflation rates. Tax relief used to be contingent on reinvesting profits back into the company…and one of the simplest ways of doing that was to increase salaries. That is no longer a clearly defined requirement. This has allowed companies to “reinvest” in all kinds of obscure, self-serving ways instead, leaving workers behind in the process.
hcol does not equal how well the economy is doing, is due to much different factors.
Actually yes it was, there was inflation after covid, but that was steadily getting better.
Criticizing the ones that do better is not constructive, that just makes you sound like a fanatic MAGA Trump supporter.
Obviously things are way worse under Trump, and you have to buy only 2 dolls now! If you can’t see how that moron is malignant IDK what to tell.
If you want more left wing politicians to succeed, the only option at elections right now is to support democrats, and push for more left wing candidates.
It’s extremely tiresome to hear the constant whining about how Biden wasn’t good enough, when he obviously was the better option at the time. Don’t blame Biden, blame the ignorant people who voted against their own interests to hurt others, like immigrants, lgbt, colored people and pregnant women. What they forget is that they become victims too, because Trump is also going after the poor and working class.
You are either working for Putin, or you are working against your own interests with posts like the response you made to the fact that Biden delivered a very healthy economy to Trump.
You don’t seem to understand that inflation didn’t reverse…it just slowed back down to normal levels. Anything new who didn’t get raises equivalent to that inflation, now effectively earns less than they did three years ago. And inflation is still rising, just not as fast.
You have to catch up with those excessive rates in order to have the same level of purchasing power as you did before they went up.
The fact that you’re accusing me of “working for Putin” just for pointing out basic economics, is really bizarre. I’m curious to know why you think those things are related.