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I am so God damn sick of reading articles from pundits who think they can just numbers-and-statistics away people's financial experience. Listen to this shit:
Wow, the electorate sounds like a bunch of dipshits. But just for the hell of it, let's check their source for the wages of the bottom income scale. According to the Economic Policy Institute, real wages grew 13.2% between 2019 and 2023. Now, inflation was 19.2% during that period, but "real wage," means, "wage adjusted for inflation," so I guess the author is right. The lowest income earners got a raise during the Biden years. Guess the poor are a bunch of dipshits.
But which of Biden's policies led to these increases in wages? Well, the Economic Policy Institute says:
So, it sounds like the wages went up because of a competitive labor market (which the Fed intentionally killed to combat inflation) and minimum wage increases at the state level, and that states that increased their minimum wages saw more of that growth than others. So, you could make an argument that Biden deserves little credit for this increase, but let's not even worry about that. Let's see look at the minimum wage by state.
The EPI has a handy Minimum Wage Tracker that color-codes states by their state minimum wage against the federal minimum wage. A quick glance shows you the states with the highest minimum wage are mostly states that went to Harris. But what's really interesting is that, of the 7 key battleground states that Harris lost, 4 of them (Georgia, North Carolina, Pennsylvania, Wisconsin) have the same minimum wage as the federal minimum of $7.25, a starvation wage that hasn't been raised since 2009. So it's not unreasonable to assume that in more than half the key states Harris needed win saw the smallest share of that 13.2%, but did see prices increase by 19.2%.
Now, I'm not an economist, and I don't have hours to research this shit, so it's entirely possible that I'm missing a lot of nuance regarding cost of living and non-minimum wage increases in these states. But that's not the point. The point is that I've already spent more time and energy examining why people might not feel good about the economy than the sneering chud that wrote this article. And I'll end this tirade with one last quote from the EPI report he cited:
Young people have no hope of buying a house in my area.
In my neighborhood all the drug store shelves are bare (Rite Aid) and there's soon to be only one grocery store to choose from (Kroger).
When I'm getting groceries the checkers are talking about how the store is going to close if the merger happens and they'll all lose their jobs.
No 'media' lied to me and convinced me that the economy is wack. I see it every day.
What I'm not hearing in the media is recognition of working folks' struggles. Failure to address this kept Dems home.
I'm really sorry to hear that. Would it help if I showed you a graph that shows the stock market is actually doing great?
paul krugman did exactly that https://www.youtube.com/watch?v=GV6kHBwT7bg
Huh. I'm generally wary of any group that has an Eye of Providence in their logo or uses the term, "New World Order," but that was cathartic to watch.
unfortunately something like this is not posted by any other channel popular enough to come up on shitty youtube search.
the guy in the video is jose vega, he ran for congress as lrp candidate in nyd 15 and got about 2.5% vote.
here is more detailed video on a more apt channel https://www.youtube.com/watch?v=XK0FivR_B1A
Oh, haha, that's much more reassuring. I assumed it was someone affiliated in the channel, and I was like, "Uh-oh, how long before this guy launches into an antisemitic conspiracy theory about lizard people?"
this made me realise how depressing it is when even lunatic channels have more relevant content for working class than our msm with 24/7 peddling of gaslighting bs.
Whatever happened to Jerome, anyway?