ST Alpha - "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. " (Reading a Post)

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In response to "(US economy is not actually "in the gutter" ftr) -- nm" by mr mooch

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.

Posted by colin (aka colinski) Oct 23 '24, 08:32

So happy for the corporations making money, but it's not great for a lot of people out there struggling. I obviously don't think Trump is the answer, but I do get how people don't feel like Dems have done shit for them.

Responses:

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

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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.

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