Comment on All the Good Economic News Vindicates Bidenomics
circuscritic@lemmy.ca 2 months agoLet’s agree, to disagree, and where the economy is going to end up.
That’s not relevant here, because this article, and many of the commenters, contend that it’s already doing good, and it has been doing good for some years now.
Which was my entire point, that it’s smoking mirrors, mixed using intentionally disingenuous figures like raw job numbers, and stock market performance, as if that translates to the wider economy of the working class.
ChonkyOwlbear@lemmy.world 2 months ago
You are right that jobs figures and the stock market don’t necessarily translate to the working class. What does are things like union activity and membership which have increased. Labor is striking for better wages and winning. Office workers are pushing for work-from-home options and winning.
Energy cost have dropped significantly. Gas prices are down to $3.26 from $3.93 this time last year. Food inflation is down to 2.1% this year, which is comparable to what it was before the pandemic. Yeah, meat prices are still high, but fruits, vegetables, and grains are down. All significant improvements for the average person.