People’s fears of losing their job are at the highest point in a New York Fed survey’s 10-year history, even as the unemployment rate remains low.
  • sunzu2@thebrainbin.org
    1·
    9 months ago

    Thank you for the services dear:

    Over the past few years my wife switched jobs and works fully remote, making about the same amount of money. I got a 30% raise by switching jobs, and it has way better perks. My investments have gone crazy. I noticed things are more expensive, but day to say it hasn’t been much of a concern at all. Financially speaking , it’s been arguably the best few years of our life.

    The difference between me and these people who “do basic math” is that I’m smart enough to realize that my personal experience is not the economy.

    I am happy for you but we are talking national statistics, mainly incomes and core expenses for the population not a trust me bro :)

    • EatATaco@lemm.eeEnglish
      2·
      9 months ago

      Wage growth has been outpacing inflation for a while now. And this is what Bidens pointing out: we’re going in the right direction. As I said, we have a lot of work to do, I realize that people are struggling.

      But if people are like “in struggling so the economy is shit” well, then, I stand by my point that they are confusing their personal experience with the economy as a whole…

      • sunzu2@thebrainbin.org
        1·
        9 months ago

        you are still dancing around core issues here tbh. for example, median income does not buy median house. this ratio exposes that younger people are locked of housing market. this has nothing to do with “I am struggling so the economy is shit” this is just house math works.

        what about, i have a decent job but anything within 30 minutes is unaffordable, i have to live 50 minutes and rent is still 50% of take home.

        i can go on…

        • EatATaco@lemm.eeEnglish
          1·
          9 months ago

          The economy cant get to somewhere better without going in the right direction. Right now it’s doing that, and that’s what Biden has been saying. As I said, and he has said, we have along way to go. By no stretch am I, or anyone really I’ve seen, saying anything is close to perfect.

          I’m not dancing around the core point, it’s just that you can’t see past your own nose.