I’m not engaging with you beyond this because it only encourages your desperate search for my attention.
You’re a stupid, ignorant asshole.
I’m not engaging with you beyond this because it only encourages your desperate search for my attention.Sure, if you say so. You said you have made well into the six figures for some time. Whatever you own, at least you had an excuse for being so out of touch with the economic reality of millions of people, and now you are trying to take that away from yourself?
So then explain to us how you are such an out of touch elitist prick even with your modest living situation, say it's true. Here I am trying to find excuses for you.
I’m not sure what you’re trying to argue. Real wages are up so the average American is better off. What’s the issue?
Lol, then I guess this 40yo professional at the higher end of his earning potential at this age is just eating shit, probably because of being a single income household. Apparently I need a second job to live the American Dream.(twitter linked because it has the data in the thread)
As Matt Darling shows from Federal Reserve data: the median American household has a net worth of $193k, the same household holds $8k in transaction accounts (checking/savings), and 54% of adults have 3 months of expenses saved.
Most Americans can cover surprise expenses with cash or cash-like equivalents. They may not like to do that, but the data says they can.
I want to live in an economy where the inflation slows the fuck down for a second so the generally accepted concept of raises can actually result in an increase in buying power, so people feel like they're working toward something. A generous 3% raise means fuck all if inflation was 4% during the same timeframe, doubly so if that inflation hit consumer needs products more than consumer wants products. I need eggs, not televisions.
I was determined to watch but couldn’t take it. All conservatives are able capable of is focusing like lasers on maggots. That and not a single data point to conform any of her claims.A feels over facts talk for sure. Talks about a 70 year guy that can't retire. Guess what, Biden wasn't President when this guy was saving for retirement.
He didn’t say everyone’s doing better. He talked about parts of the economy that are better while saying we need to more because some are not feeling it.
You personally may not be doing better, and that sucks, but the data clearly shows the average person is.Lol, then I guess this 40yo professional at the higher end of his earning potential at this age is just eating shit, probably because of being a single income household. Apparently I need a second job to live the American Dream.
I can't speak for your personal situation. But policy makers should act based on the data available, not personal anecdotes and vibes. Most Americans are doing okay. But there are also policies to help others that might not be hitting that level of financial security.Lol, then I guess this 40yo professional at the higher end of his earning potential at this age is just eating shit, probably because of being a single income household. Apparently I need a second job to live the American Dream.
Then we need to rebadge 'raise' as 'inflation adjustment' and accept that the 'consumer purchasing' value you're hired at is what you're worth to do the job the day you're hired on, and nothing more.I hear you but what you are advocating for is the ending of capitalism. Good luck.
Ah here's the part where everything is Manchin's faultI’m assuming you aren’t American as every American should be pretty well versed in how our government works. In America, presidents aren’t dictators. In America laws are passed by congress, which requires a majority in the house and under present circumstances in the senate it requires a super majority. After which the president signs the bill.
That being said, Biden has a pretty freaking good record of doing what he says despite the large hurdle it takes to get anything done.
Remember though, real wages account for inflation so even after inflation people are doing better.Then we need to rebadge 'raise' as 'inflation adjustment' and accept that the 'consumer purchasing' value you're hired at is what you're worth to do the job the day you're hired on, and nothing more.
You personally may not be doing better, and that sucks, but the data clearly shows the average person is.
I hear you both, and I'm glad for it, honestly. I hope that Biden pulls out a win and keeps things rolling because it can only make things better for most. It'd just be nice if we could bleed out a few rich people to feel some of that trickle down.I can't speak for your personal situation. But policy makers should act based on the data available, not personal anecdotes and vibes. Most Americans are doing okay. But there are also policies to help others that might not be hitting that level of financial security.
I’m not engaging with you beyond this because it only encourages your desperate search for my attention.
You’re a stupid, ignorant asshole.
Real wages do, raises do not (in the vast majority of cases).Remember though, real wages account for inflation so even after inflation people are doing better.
Sorry what? Real wages going up means after all is said and done the average worker is richer.Real wages do, raises do not (in the vast majority of cases).
Houses were also half the size. People also lived in small towns and rural areas too, spreading out the demand.When the GAP between wages and GDP was non existent. Before the inflation / economic turmoil of the late 70s.
You could "pump gas and support a family", words from the very Boomers who voted to ruin it and then blamed everyone else.
It would be nice if big universities used their endowments to more fully find their operations instead of using them as dick measuring contests between institutions. Harvard University, a hedge fund with a pretty good school.I hear you both, and I'm glad for it, honestly. I hope that Biden pulls out a win and keeps things rolling because it can only make things better for most. It'd just be nice if we could bleed out a few rich people to feel some of that trickle down.
Then we need to rebadge 'raise' as 'inflation adjustment' and accept that the 'consumer purchasing' value you're hired at is what you're worth to do the job the day you're hired on, and nothing more.
What I'm getting at is, if the average worker at a steel mill gets a 3% wage every year, that doesn't magically become a 7% wage because inflation went up 4% that year. It stays at 3% and the steel worker is working for 1% cheaper or whatever.Sorry what? Real wages going up means after all is said and done the average worker is richer.
You may or may not be aware of this but people who change jobs/companies earn a lot more than people who start with the same company. Capitalism isn’t going away, government cannot save you as it’s too slow to react and enact the change you want. Instead you need to focus on playing the game. Change jobs every couple of years and enjoy the pay increases that come along with it.
There’s that picture of ‘how we lived in the 50’s’ as if it was way better and it’s so annoying.Houses were also half the size. People also lived in small towns and rural areas too, spreading out the demand.
No fucking shit. I'd be a happier camper if I had a nickel for every time some fuck making $300k/yr told me how well our endowment is doing.It would be nice if big universities used their endowments to more fully find their operations instead of using them as dick measuring contests between institutions. Harvard University, a hedge fund with a pretty good school.
The statistics here are very simple. After accounting for inflation the average worker is richer.What I'm getting at is, if the average worker at a steel mill gets a 3% wage every year, that doesn't magically become a 7% wage because inflation went up 4% that year. It stays at 3% and the steel worker is working for 1% cheaper or whatever.
Sure some competitor may have to pay 4% more to get new hires, or maybe not because maybe that particular industry has wage stagnation going on and instead their 4% got sucked into some bullshit stat on MBAs at startups vampiring govt subsidies and getting massive payouts instead.
That's the trouble with statistics, they can lie like a motherfucker if you summarize them.
Yeah I know, I've considered it. It's a depressing thought because I actually like my job, and I'm lucky enough to be remote which is necessary for my current life arrangement, and it may be difficult to replicate. It's not off the table, it's just fucking stupid to be forced to consider it imho.You may or may not be aware of this but people who change jobs/companies earn a lot more than people who start with the same company. Capitalism isn’t going away, government cannot save you as it’s too slow to react and enact the change you want. Instead you need to focus on playing the game. Change jobs every couple of years and enjoy the pay increases that come along with it.