ST Alpha - "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 " (Reading a Post)

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In response to "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. " by colin

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

Posted by pmb (aka pmb) Oct 23 '24, 08:37

prices. The economy overall has performed better than Trump's by a good bit based on jobs created, GDP and (other than inflation on a temporary basis, almost entirely caused by transitory supply chain issues), virtually every other metric.

Responses:

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

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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

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