And yet the quality of life for Americans is still declining, while the wealth gap keeps growing.
Yep, and a bunch of the things Biden supporters want to tout are making this problem worse, because his economic legislation and climate legislation and healthcare legislation and all the rest is almost entirely just throwing taxpayer money at businesses and hoping it trickles down to us somehow
I would argue the quality has been improving as if late. But kind of hard to blame him for the fact that the world was gripped and massively disrupted a by a pandemic and the financial moves by the fed to stave off an even worse financial melt down led to high inflation. But we’re going in the right direction, even if it isn’t fast enough for some people.
Wages aren’t keeping up with inflation for most people. The wage increases reported are mostly driven by top earners. It isn’t moving at the bottom. Longer lines than ever at food pantries. I remember when Democrats used to at least pretend to give a shit about that stuff.
Wages aren’t keeping up with inflation for most people.
Been that way for a long time bud
This has been a decades long problem that he has contributed to over his entire career.
More specifics please.
But, ftr, we’re talking about his presidency, which has been way more progressive than him throughout his career.
Research constantly points to things getting worse, especially for younger generations. At best you could say the rate of decline has slowed somewhat recently.
And it’s unfair to blame it on the pandemic, the trends been going on for much longer.
Real wages (i.e. inflation adjusted) have been growing for the last year and are now even with what they were before covid.
In 2019 real wages were on par with what they were in 1973. That is no growth in over 50 years.
Of course things are going to go back to pre-Covid levels post-Covid. That’s not a sign that things are magically fixed. Housing and food costs are at extreme highs, the amount of people working two jobs to survive are at highs, etc. etc. CPI also lags behind on many things such as market rent.
And don’t even get me started on the generational gap, millenials, zoomers, and alphas are all far far worse off than previous generations.
That graph kind of sidesteps the actual problem. Inflation has run away so much that 1973 isn’t nearly enough. I know that seems weird because they used real terms but median wage increases since 1974 have lost to core inflation over the decades by over a hundred points.
What we’re actually seeing here is the worth of money adjusting. But if you put core inflation on there it would be an even higher line.
It’s worth mentioning that WEC is heavily pro-corporate and neo liberal. They’d love to push a graph that made it seem like everyone was panicking for no reason.
Cool, what does that have do with Joe Biden’s presidency? You know, the one that started Jan 20, 2021 and is the topic of this thread.
Massive systems, like the economy, don’t get fixed overnight. It took 40 years to fuck it up as much as it is now and it will probably take nearly as long to unfuck it.
Congratulations you swallowed a propaganda line that wasn’t even true when they printed it.
If by propaganda you mean statistics from the BLS, then yes. But I’m sure your gut feeling is far more accurate.
