Will Stancil with another banger: https://twitter.com/whstancil/status/1730723754223800617
Last year the bread price went from 2.50 a loaf to 2.75. This year the price of bread ONLY rose from 2.75 to 2.90. See? Things are getting better!
rate of inflation
Weasel question. If the inflation rate was 15% last year and then “only” 13%, then technically the rate of inflation has gone down up obviously you still have the issue of higher prices than last year.
rate of inflation
As @sovietknuckles@hexbear.net said a few days ago:
When your data doesn’t confirm the point you want to make, just add more derivatives
My mistake, I thought everything costs more and rent has fucking tripled since covid. I guess I’m actually not poor despite my lack of money
Did you read the basket of goods they use? It includes a tv ffs. Apparently tv prices matter to people who have to choose which meal they skip.
The wall is too kind for these stains upon humanity
I for one am purchasing a new TV each month. It’s a staple for our household. We go out and it’s like a nice little tradition we’ve established. Then we put it in the living room, hold hands, and skip around it chanting while we burn the old one at its feet so it knows to behave.
Tv did take a huge dip in price (completely unrelated to the fact the majority of people were watching content on their phones or computer screens I’m sure) so literally every article uses them, the one thing that’s decreased in price, as a comparison point to show stuff isn’t getting more expensive.
The main reason TVs have dropped in price is because under surveillance capitalism the TV watches you. On a lot of models more money is made from all of the spyware and adtech that comes with TV than from the sale of the TV itself.
Have you checked your bank account for a recent inheritance from your dear aunt sally?
The fact that I have a very very rich great aunt who never spent a dime on herself (her husband who died before I was born, so must have been when she was in her 40s or so was like one of the earliest investors in AT&T and obviously that paid off big.) is pretty much what’s keeping me able to not be homeless. So…yeah, that is essentially the case.
Real average hourly earnings increased 0.8 percent, seasonally adjusted, from October 2022 to October 2023. The change in real average hourly earnings combined with a decrease of 0.9 percent in the average workweek resulted in no change in real average weekly earnings over this period.
Now ask them to adjust for housing costs, which they more or less never do.
They almost never include necessities in these calculations. To them the real measure of economic activity is the price of 65" TVs dropping 10%, not rent going up 100% or housing prices going up 200-300%, or food prices going up 60%.
Hey, you can get a smart TV for 85% the adjusted price of one last year and wages have gone up .8% on average meaning you can open another tv! Why are you complaining?
Idk about you but new TVs is a primary monthly expense for me. I have like 6 in my bathroom alone.
The weasel wording of “rate of hourly earnings” and not “net income per paycheck”.
If your hourly wages increase but the number of hours you work is less than it was before, then your income has effectively been cut.
hey nerd, break question 1 down into income quartiles for me.
oh, look at that - the other 4 questions have immediately been explained by the rate of wage increase per income quartile? wow
