ST Alpha - "(US economy is not actually "in the gutter" ftr) -- nm" (Reading a Post)

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In response to "20 year old voter shocked to discover buying a car can be expensive -- (link)" by mr mooch

(US economy is not actually "in the gutter" ftr) -- nm

Posted by mr mooch (aka pickmix) Oct 23 '24, 08:27

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Responses:

At an individual level though, it is. Homelessness is rising, house prices are rising, used cars are more expensive than ever. Pay is not keeping up. - colin Oct 23, 08:32 20
- That's really not true. It's a "vibe" thing. As pixie says, wages are outpacing inflation, but that doesn't stop people from reacting to higher - pmb Oct 23, 08:37 14
  - Affordability crisis. Insurance, healthcare, childcare, education, housing, etc are all squeezing people hard so inflation has an outsized impact on - oblique Oct 23, 09:08 3
    - But again, for the most part wage increases are outpacing inflation (which includes all of these elements). People aren't seeing as much benefit from - pmb Oct 23, 09:23 2
      - Prices went up under his administration because of his tariffs back then and we lost jobs as a result. - . Oct 23, 10:16 1
        
        He's saying much higher tariffs and notwithstanding all economists saying it will blow up inflation, people just ignore the realities. -- nm - pmb Oct 23, 10:32
  - I should add, that doesn't mean that individual people aren't seeing the benefits, but there's never going to be a system that fixes everything - pmb Oct 23, 08:40 9
    - let me rephrase then - i think it's disgusting to praise an economy, political party, or country for a "good economy" when they are allowing people - colin Oct 23, 09:18 7
      - I get it. I am not one who thinks all problems can be solved, at least not immediately and not without failures (not even by throwing money at them). - pmb Oct 23, 09:51
      - It’s a good economy. Nobody has ever invented one that is perfect for everyone. -- nm - David Oct 23, 09:40 5
        
        don't let perfect be the enemy of good? - colin Oct 23, 09:45 4
        
        I don't know that I have a single motto I live by, but if I had one, that would be it. - pmb Oct 23, 10:17
        
        It's a kind of nihilism to dismiss anyone by nitpicking that they haven't addressed impossible things beyond their control. - David Oct 23, 10:05 2
        
        i think you're giving the government a pass by saying those things are out of their control. - colin Oct 23, 10:15 1
        
        Which candidate wants to execute drug dealers? Yes, there are a whole host of issues that both sides contribute to, but one is still better than the - pmb Oct 23, 10:31
    - I think it's more than a vibe thing. People are looking at the quality of life they expect to have vs the quality of life their parents and - Roger More Oct 23, 09:01
- wages have been outpacing inflation since the pandemic -- (link) - mr mooch Oct 23, 08:34 4
  - They are not outpacing the cost of housing. -- nm - colin Oct 23, 08:39 3
    - That is part of the inflation calculator. And the pace of increase has slowed dramatically. The economy isn't only (or even mostly) driven by policy - pmb Oct 23, 08:45 2
      - Problem isn’t a 12-month thing. - Will Hunting Oct 23, 08:51 1
        
        It was very dependent on where you live and very much caused by the pandemic. It wasn't Biden policy vs. Trump policy that made the difference. - pmb Oct 23, 09:17
It's the vibes election moochy -- nm - ty97 Oct 23, 08:28 4
- It really is for a good number of people. -- nm - Krusty Oct 23, 08:38 3
  - It's been a vibes election since Obama beat McCain. -- nm - Strongbad Oct 23, 08:41 1
    - When you get down to it, you can say every election is vibey. Not many voters go and crunch numbers or run checklists to decide - Roger More Oct 23, 09:53
  - it's just 2016 Economic Anxiety with a new wrapper -- nm - mr mooch Oct 23, 08:39

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