“There’s this wild disconnect between what people are experiencing and what economists are experiencing,” says Nikki Cimino, a recruiter in Denver.
Would you prefer the Economic Policy Institute, Politico, or CNBC?
I think the wording in your original comment is pretty misguided. Nowhere does it say the poor are “doing better than” the wealthy. They just had the strongest short-term wage growth since covid. This does not equate to prosperity. Perhaps it is you that has the restrictive social circle.
The wording was obvious. If someone though OP meant “the bottom 10% can afford more yachts than the wealthy” that’s a logic problem.
I disagree. The connotation and literal meaning of the phrase “doing better than”, combined with the comment on social circles indicates that they’re trying to suggest the poor are somehow doing well, whatever that means.
That’s how I read it, anyway. And I think that’s why they’re getting down voted as well.
The wording is obvious to anyone with a brain. So given that this is lemmy, you’re absolutely right and I’ll dumb it down. My apologies.
I think it’s unfortunate that you’re being so hostile. It was an interesting point and very good sources that you brought to the discussion. But you’ve decided to play the "you’re all ‘autists’ " card.
None of this matters when low income people have been getting screwed for 30 years. 3 years of growth means almost nothing when you put it in proper context. It’s just a way for the upper class to gaslight people.
There are people out there still getting paid $9 an hour which wasn’t liveable 15 years ago when that was my wage. If this trend continues, calling it wage slavery won’t be hyperbole anymore.
Plus none of these articles talk about the middle 80% who have not seen their pay keep up with inflation over the last 5 years, or the fact that the price of many goods has exceeded inflation on top of that. Not to mention the housing crisis.
It’s not hard to figure out why people think the economy sucks.
