I don’t know …. I’ve attempted to engage him, but confess, my patience isn’t what it used to be, so end up getting irritated and giving up instead. I think it’s a combination of both. He lives in an area that is conservative, probably both parents are conservative. But, he’s just smart enough to realize some progressive ideologies are best, but the propaganda rampant in his social circles doesnt allow him to embrace any of those ideals without losing respectability within those circles. So, he doesn’t know what to think or how to think.
Yes wages are up, even adjusted for inflation, buts not by much and it’s still not enough when factor in housing prices. For most people it’s maybe a couple hundred dollars more which may hold off the banks for a little bit, but people are still having to to get second and third jobs. Full time jobs are rapidly shrinking and the government takes up a big chunk of the job market. President Biden promised to raise the minimum wage and go after the corporations that are no doubt price gouging, yet neither one happened so even though you point to certain things and say the economy is doing well, I think most people are not buying that narrative.
I ask again. Did. You. Read. The. Article. You. Posted? Inflation includes housing costs you fucking moron! IT’S LITERALLY THE SECOND FUCKING BULLET POINT AFTER THE HEADLINE: Shelter prices accounted for much of the rise, climbing 0.6% on the month, contributing more than two-thirds of the headline increase. On a 12-month basis, shelter rose 6%. READ YOUR FUCKING ARTICLES DIPSHIT!
Yeah. I think we are. Slink away but please, PLEASE don’t forget what you’ve learned today. Hate to have to go through this lesson a third time.
Don’t take my word for it folks, check out FF’s link: https://www.cnbc.com/amp/2024/02/13...-the-annual-rate-moved-to-3point1percent.html Second fucking bullet point. Right after the headline. Poll: Was FF lying when he said he read the article Was FF drunk when he read the article and forgot Is FF too stupid to know the meaning of the word shelter
That had better not be based on the consumer price index that has been bullshit since at least the 90s.
Of course not. Only a complete economic ignoramus would think that. If only because the CPI from 1999 ceased to exist in 2000. Just like the CPI from 2000 ceased to exist in 2001. CPI is adjusted every year to represent the latest available data on consumer spending. What I think you are alluding to but are too stupid to remember the name of is ‘Core Inflation’ which is inflation minus Food and Fuel which does have a legit purpose in that those are very volatile, connected and also really outside government control so excluding makes sense in terms of formulating policy but I agree is not an accurate reflection of inflation for the regular person. But to be clear this is using total inflation not core inflation.
That's not what I meant, Your Royal Smugness. CPI was "adjusted" in the 90s to exclude certain items and paint a rosier picture so they could pillage social security.
REREAD MY POST! CPI is adjusted every year you ignoramus! If folks buy less of something CPI will decrease the percentage that service or product factors into the index. I mean think about the 1970s versus today. Should the price of typewriters play as big a role into calculating inflation today as it did in 1974? Should the price of cellphones play as big a role into calculating inflation today as it did in 1974?
There's nothing at all smug about thinking you're the only one on the board who's sane, masculine, independent, intelligent, etc, etc, etc, and that everyone else is an inferior human type. No, you're chock full of humility.
I’m not gonna lie I do feel VERY smug batting around these dunces when it comes to anything economic. We aren’t talking about Econ 101 stuff. These are basic principles we learned in 11th grade Government and Economics! Seriously! Real Wages? Inflation? Consumer Price Index? I’m not asking these chuds to understand a Gini coefficient or Asymmetrical Information’s impact on the functioning of a free market but fucking inflation you don’t know what inflation is?!?!? Yeah, I get to be smug at your dumb ass.
Just to be clear @Diacanu I was using generic you in this case. Apparently some folks on this board have a hard time grasping this basic English grammatical usage so just wanted to be clear.
Let’s try this again. I agree that wages have gone up and I agree that those wages have been adjusted for inflation, but that’s government inflation. It doesn’t account for corporate induced inflation. It also doesn’t account for monetary policy. It does account for short term gains during holiday seasonal jobs. In other words, seasonal part time jobs are counted. Look at the last jobs report, how many new jobs were created rather than people returning to work after the pandemic vs full time jobs. If you compare to the last few months then yes, it looks good. Compare it to the Trump administration, you’ll see a much different picture.
I didn't say adjusted. I said valid categories were removed because they painted an inconvenient picture of the cost of living.
You’re doing the same thing they do every day on Fox Business and sometimes CNBC. Well if you look under the hood and strip away all the good data you’re left with an economy on life support that’s headed for a crash! You have to stop acting as if every bit of positive economic news is in spite of Biden/Democrats. If you polled most people at the beginning of 1984 they would have said the economy was doing well. It was Morning in America! The unemployment rate then? 7.8%.
Murderface isn't around to throw transphobic slurs around, so your taste in humor will have to go wanting.
What I’m doing is telling the truth. The Biden administration and Anc are bullshitting people. They’re not telling the whole story. If you poll people, which people have been doing, they say the economy sucks. CNBC, with the exception of Erin Burnett, is one of the more accurate left leaning media outlets.
You are seriously just making shit up now. CPI includes ALL inflation. All of it! And yes, the unemployment rate is seasonally adjusted.
What the fuck are you even trying to say? Inflation is what it is. It's measured by the cost of goods and services in the market, and that's what the real wages number is based on. There isn't some magical extra piece of inflation that you can tack on whenever the numbers don't say what you want them to say. Please explain how this is relevant. The real wages number shows what is actually happening with people's purchasing power. And do people not get paid for working at seasonal part-time jobs? Is there some reason these shouldn't count, other than that you are desperate for ways to make the economy look bad? The number of jobs in the U.S. is an an all-time high, so I'd say it is a mix of post-pandemic rebound and an overall strong economy. Also, are you bothering to think about what you're saying as you type it? "People returning to work after the pandemic vs. full-time jobs" ... huh? These aren't mutually exclusive, but you're phrasing it as if they are. Frankly, it seems like you're so dug into your position of "there's a Democrat in office, therefore the economy has to be bad" that, as the numbers continue to inconveniently fail to validate your beliefs, you're just pulling words out of a grab bag and throwing out random non sequiturs.
There’s a Democrat in office, so that means 99% of Republicans are going to say the economy sucks. So what you do is discount their opinion and thank yourself you don’t live in flyover country.
You mean if I eat sandwiches, I'll shrink?! This is counter to what I have been told and experienced. Unless you mean if you eat lots of sandwiches, your future is shortened. That would track.
