As can be seen here. The wage growth has outstripped inflation for most of the current period including last year.
https://www.axios.com/2024/02/05/wages-outpacing-inflation
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Is the end near for Trump?
- Thread starter Subduction Zone
- Start date
https://www.axios.com/2024/02/05/wages-outpacing-inflation
Which goes to show just one important thing -- most people aren't being analytical at all, it's all just emotion. "OMG, eggs cost 15 cents more than last week!" Said by somebody who got a raise.
Ahh... Some using the attitudes of the hosts of FOX news entertainment to gauge the election results.
If things turn around, I'm sure their attitudes will improve as well. I assume they are stuck on the political roller coaster like the rest of us.
I guess I don't assume any real political insight with these folks.
....eg, giving the Prez credit or blame
for the economy's condition.
RestlessSoul
Well-Known Member
“Why are you complaining about the price of eggs?” Said by someone who’s never had to count the pennies.
stvdv
Veteran Member
In Holland Wilders has won
I won't be surprised when Trump trumps Biden
I won't be surprised that both die before or during presidency
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stvdv
Veteran Member
I like Trump's first 3 seconds
"You can't let people get away with bull****"
I guess he refers, being unaware of it, to the previous President
PureX
Veteran Member
Yet the homeless population is growing exponentially because rents have increased exponentially.
The problem is that rich people, politicians, and those that work for them are determining the numbers. And so somehow magically there is no inflation, or unemployment, or jobs with wages that no one can live on. As long as the stock markets are booming, the economy is booming ... for the rich, the politicians, and their minions, anyway. Meanwhile homelessness is increasing by 40%, and among seniors by 80% annually.
Would you support liberalized (in the sense of more
permissive) building, zoning, & housing codes that
would allow inexpensive housing?
The numbers are not cooked up. A rise in median wages does not mean that there won't be a significant number of people whose wages are stagnant or decreased. They will be economically vulnerable even when, on average Americans are doing better. The task of welfare support is to provide a safety net to these people while recovering these costs through taxation. A growing economy usually means a bigger tax earning and better ability to do that. That US absolutely sucks at doing this by design is a severe problem regardless of the state of the economy. What your example shows that a strong capitalist economy and a progressive welfare state must work together to better a nation. US fails in that.
PureX
Veteran Member
The problem is not the codes, though control is addictive and the more control any person or agency has, the more they want. The problem is greed. We have a system that promotes, enables and rewards greed in every possible way. So we can't do anything for any other reason or via any other motivation. No one will build homes for poor people to live in if they can build homes for rich people to live in and make a much bigger profit. So to get them to build homes for the poor we have to pay them extra. And no one wants to pay anyone anything if they can help it. So the government has to force us to do it. And we'll hate them for doing that. So they don't want to do it.
And even if they do allocate tax money for building homes for the poor, EVERY hand in the till will be grabbing every dollar they can get away with. So that by the time one home gets built, it costs more then the McMansions the builders all want to build for rich people.
Greed poisons everything and everyone it touches. And our culture considers greed and selfishness among it's highest virtues. And our economic system promotes, enables and rewards greed and selfishness in every way possible. So we can't get anything done for any other reason or by any other motive. The truth is that we'd rather just let the 'losers' among us die in the streets than spend any money building them homes. Unless we can make a big pile of money doing it.
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So when government destroys, confiscates, & prohibits
tiny homes, RVs, & unconventional structures because
of these codes, you still disagree that codes are the
problem....& wouldn't liberalize them?
This appears to be mere complaining about things disliked.
No real solutions offered.
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PureX
Veteran Member
And yet amazingly, every news outlet and toady economist is telling us all how the wages of those who are already better off are increasing, while they say nothing at all about the many millions of Americans whose already pathetic wages are not increasing, while the costs of food and shelter have been increased dramatically. Driving many of them into homelessness. Nary a peep is uttered about this.
But of course we all hate paying taxes for safety nets for other people. Especially when we're just getting by, ourselves. So we vote for politicians that destroy our own government out of that spite and hate. And they gut or eliminate those programs on our behalf.
What it shows is that capitalism is a total failure as an economic system. It promotes, enables and rewards greed and selfishness in every way possible. And it drives everyone to adopt that stance just to protect themselves from those who are embracing and being empowered by it. It poisons us all against each other and causes us to ignore each other's well being to protect and favor our own. And we have been so broken and brainwashed by this sickness that we actually believe it is the most superior and generous system possible.
PureX
Veteran Member
Well we don't want anyone to actually SEE the third world banana republic that we have now become! They might start getting ideas that don't favor the capitalist's agenda.
The solution is to stop this mindless worshipping of capitalism and start looking for a more socially responsible system. But you aren't having any of that, are you. You're here to tell us all how socialism is equal to death, and capitalism is the only way to avoid it. Over and over and over and over.
Without capitalism there is no wealth that can be distributed at all. Everybody is poor and there is a Mao, Stalin or Kim at the top. Capitalism is not a system of governance, it's task is to generate wealth. When Capitalism becomes the system of governance then it stops working and harms the society. That is the problem today.
We need a second wall...separating govt from capitalism just as religion was seperated from the government 300 years ago.
PureX
Veteran Member
Wow, that was a big draft of the coolaid!
Yup, there it is ... the endless threat of capitalism or a hellish death.
Capitalism does not "generate" wealth. It captures the wealth generated by our collective labor. And then it uses it to capture more. And more. And more. And more.
Capitalism gives all the control over a commercial enterprise to the capital investor. This IS governance by excessive, predatory, wealth. Greed, in a word. And greed is a very bad method of governance.
The problem is that we need to face the reality that we are being governed by selfishness and greed because we continue to engage in capitalism. And it is destroying us as a nation, a people, and a culture.
Good morning news but I doubt the claims.
There is not a single example of a prosperous society without capitalism. Sorry, practical experience trumps ideology. As a country just recently emerging from centralized economy (India) the only response I have is "never again". It's literal hell on earth.
PureX
Veteran Member
I don't think you have any idea what capitalism actually is. I think you are confusing it with investment capital, and with free enterprise. Also with industrialism and cooperative commerce. None of these things define capitalism.
A "centralized economy" is not socialism.
The key to understanding these systems is to ask who has control. And the only way forward for humanity is to give the control of commercial enterprise to the people who are being effected by it: that is to the investor, to the laborers, to the consumers, and to the community within which it occurs. It's the only way we can all have our issues recognized and respected. If any one person or group has control they will inevitable use it to exploit everyone else involved for their own gain.
SkepticThinker
Veteran Member
Yes, those pesky facts ...
What's pushing inflation down? More goods, workers and housing
Inflation in the US slowed last month in a sign that the Federal Reserve’s interest rate hikes are continuing to cool the price spikes that have bedeviled consumers for the past two years.
Why did you only respond to that one line from my post?
"Prices are up everywhere, not just in the US.
The delusional thinking is believing that a country's leader has some sort of control over the price of groceries.
And if they did do something to control prices, I daresay you'd be here screaming about communism instead."