“Do you think the rate of inflation has risen or stayed the same since this time last year.”
People are correctly pointing out that inflation has made prices worse. The fact that the rate is down is little consolation when the rate has been very high and is still higher than for their salaries.
It’s the equivalent of raising the prices by 10% before having a “blow out sale” of 5%
More like raising prices 15% and then acting like it’s a sale to only raise them an additional 4%
Liberals and being weasels, name a more iconic duo
I personally think that requiring ordinary people to understand differential calculus to parse the question is cool and normal.
Translated into reality:
The economy is so bad we don’t even base our measurements of it on the assumption that it’s stable.
“Here’s why what you’re experiencing is not actually real.”
-Some Chucklefuck
TBF, people “experience” things that aren’t going on all the time.
Half of Republicans think they live under a Trans-Muslim Communist dictatorship, for example.
although the communist part is iffy
They have half a communist but it’s split between Roz and Alice
Hilarious tbh. The audacity to publish a poll where you shit talk one segment of the population, not to mention 90%
It’s cool and good to shittalk the rich.
BUT HAVE YOU CONSIDERED THAT YOU CAN WATCH YOUTUBE ON YOUR FRIDGE NOW
“Your Fridge is incompatible with YouTube, update your Fridge’s software to continue watching YouTube on your Fridge.”
tries to update Fridge’s software
“We sorry, but your Fridge is no longer receiving upgrade support.”
fridge: “ad blockers are not allowed on youtube: content blocked”
“The peasants say they’re not eating food or getting clean water. But have they considered that they’re wrong?”
These freaks are going to fuck up their game and bag by denying Americans their bread and circus
“Oh cool! Rope is on sale!”
That’s the ultimate irony of these fucksticks.
People like the Koch brother (half way there) and all the other far right pieces of dogshit spent decades astroturfing and fueling this anti-government sentiment. Selling the idea that government is hated by everyone, government is inefficient and ineffective so private corporations are the better alternative. That allowing wealth to accumulate in only a few individuals will benefit everyone as they fund humanitarian projects.
One thing I gotta hand to guys like Rockefeller is he took his son’s advice and actually did give a fuck load of money to prop up stuff that benefited society. This isn’t praise for him, no, it’s just recognizing that he wasn’t a total buffoon. He and his son and family (and many other tycoons then and since then) realized you either have to give back or eventually things will degrade so far that people snap and TAKE back what you stole.
Unfortunately the Koch-types let their wild dogs off the leash and they have no power to control them anymore. Things like repealing Roe v Wade was supposed to be the carrot forever in front of the hogs so that they accept the tax cuts for the wealthy. Cutting social security was always supposed to be promised in the pursuit of “cutting taxes” and making the damn disabled and elderly (obviously they’re all faking it) go back to work. The non-dipshits knew that passing such unpopular laws not only would end the game for them it would also cause societal ruptures that they couldn’t undo. You can’t shove the country ever further to the right for a century and then when the inevitable comes to pass, and the boom post-WWII completely fades, start screaming “woah woah too far guys! We gotta keep THAT law!”
There are people, a lot of them, who somewhat-correctly identify government programs as failing to meet their proposed goal. Social security disability is one. Medicaid, various unemployment programs, food stamps/EBT, etc. They fail to see that the reasons those programs fail is due to systematic dismantling and crippling via defunding, understaffing, and means testing. Neoliberalism, basically. The idea that the “market” can and will solve all problems, so why do we need social security? Mix that in with radicalization of (ironically) many poor workers to knee jerk question and resent anyone who does become old enough or disabled enough to break through all the means testing and red tape to get benefits and, of course, racism, and it’s a perfect recipe for advocating against their own best interests and for, no exaggeration, ultimately the total dismantling of the federal government followed by state governments (which are already inadequate).
This is something the “tea party” (idiotic name) types and their outgrowth which includes people like pdf file Gaetz, Gym Jordan, etc. openly advocated for for like 20 years now. At least 15 years. To shut government down (brother!) to defund every “unnecessary” agency (guess which are unnecessary? Hint: it sure isn’t the military or FBI), and basically to grind everything to a halt.
A ridiculous idea, one that the Koch brother (never gets old) surely is not thrilled about seeing actually possibly happening. Because all he really wanted (his personal views on abortion, gay marriage, God, etc. are totally irrelevant) was to keep his taxes down and make sure he and his family and his capitalist buds could make billions of dollars and continue directing how Washington is run. If there is no government, or society starts SERIOUSLY declining (imagine the homelessness if social security were cut by say 50%), their wealth starts becoming pointless. Riots are inevitable if enough people are homeless and hungry. That’s why they’ve always favored the “bread and circus” route instead of the full on authoritarian “pick up that can, citizen!” approach. It’s more peaceful (in their home country - key point), safer, more enjoyable. If they can’t go to the airport anymore without a person chucking his shit at their limo before he’s blown away by private police in front of them, that’s not so much fun anymore!
I don’t know how they can recover things. If I were a betting person, I’d say they can’t recover neoliberalism. It’s going away one way or another. The only thing left to see is how right wing authoritarian things get, how bad things get, at least in the US. Other places may well have strong leftist movements rise up. The US, due to 80 strong years but over a century generally, of anti-socialism and anti-communism rhetoric is surely going down the fash pipeline. Probably anyway.
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!
Asking my landlord if I can pay rent this month with all of the new minimum wage jobs Biden created!
There’s now like 2-5 Op-Eds/Twitter threads a week about how the economy is ASKCUALLY doing GREAT now, and every one gets posted to r/neoliberal
The funniest part is no one wants to talk about why roughly 10% to 15% say there is no inflation, they are wealthier than ever, and life is great but the other 90% of the US is screaming that they are living on the edge closer to homelessness and ruin than ever before. Sometimes these same articles will mention that luxury car sales are at an all time high as further evidence that the 90% are just being delusional.
Which socioeconomic class do your think the authors of all these articles and posts fall into, the 90% or 10%? Same people always try to point out to fellow Americans that by being in the US a person is automatically in the global top 10%, which is an insidious lie. It’s eye opening for most Americans when they learn only the top 15% of US households fall into the global top 10%, that most Americans don’t take home the required $150,000 USD or greater but a few tens of thousand each year and are indebted with zero savings. The sheer number of US adults who only manage to earn roughly $20,000 USD per year is hard for these people to wrap their minds around.
The US government only tracking “household income” rather than a break down of incomes for individual working aged US adults is also a slight of hand. An unspecified number of individual people living under one roof with multiple incomes being combined to get that household income number, further skewed by millions of functionally homeless (couch surfing, living in cars, living in motels a few days a week) working adults most of which are lower income being just ignored.
It makes me wonder who this stuff is actually for, are they trying to convince the vast majority of people? Or are they just trying to reinforce their own safe little bubble?
i think they are trying to convince atomized poor people that they are delusional or their problems are purely their own, an anomaly, and completely their fault.
gaslight gaslight gaslight. better rise and grind because everyone else is making bank. inflation? ha that’s just because you need a third job dummy nobody wants to work anymore
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.
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.
I should have made clear this is bls data, i don’t know what ft is citing outside of vibes
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?
they would count house prices going up as sucess
They definitely do! Rent went up? Oh, that means the GDP increased lol
to their mind rent going up is an increase in income not costs
Idk about you but new TVs is a primary monthly expense for me. I have like 6 in my bathroom alone.
Gotta have Tucker Carlson shouting about communism at you from all angles, natural laxative
Amerikkkan kkkrakkker spotted
You are just jealous of my FREEDOM
🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸
this bit works even better with a Malaysian flag
🇲🇾🇲🇾🇲🇾🇲🇾🇲🇾🇲🇾🇲🇾🇲🇾
Do NOT defile my FLAG with a damn MOON!
🇱🇷 🇱🇷 🇱🇷 🇱🇷 🇱🇷 🇱🇷 🇱🇷 🇱🇷 🇱🇷 🇱🇷
I’d like to meet the 40% of Americans who think it hasn’t gotten worse since the 90’s. “Fuck you I got mine” boomer/gen x types?
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.
Yeah I’m not gonna be happy until I see negative inflation. Deflation.
As somebody with debt and no sabings, inflation is ok by me IF my wages go up by the same amount, it actually benefits me by decreasing the amount of debt I owe.
rate of inflation
As @[email protected] said a few days ago:
When your data doesn’t confirm the point you want to make, just add more derivatives
“According to our expert analysis, wage growth actually outpaced inflation from 2:36:03 AM to 2:36:07 AM on the 14/11/2023, therefore you should all quit complaining about inflation, it’s actually fine, don’t worry about it.”
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
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.
Interactive TV sets will be watching us, just as we watch them. They will also report back to the beast at computer headquarters. Our telephone conversations will be automatically wire tapped and transcripted by the National Security Agency
Killah Priest “information”, from Heavy Mental, 1998
Haha, whoa, true on every point, love when people nail it