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@GiddyGap@lemm.ee to News@lemmy.world • 2 years ago

The recession should probably be here by now

www.axios.com

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The recession should probably be here by now

www.axios.com

@GiddyGap@lemm.ee to News@lemmy.world • 2 years ago
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Just a moment...
www.axios.com
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    • @_wintermute@lemmy.world
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      4•2 years ago

      They’re wealthy enough to be able to absorb the increased cost without noticing while going “ACK-shually” to anyone who isn’t wealthy enough to aborsb the cost increase without noticing. Arm chair economists are fucking cancer.

      • @Halosheep@lemm.ee
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        You are both arguing from an anecdotal pov and he has data to back up his argument.

        Someone is winning and it ain’t you.

        • @_wintermute@lemmy.world
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          4•2 years ago

          Oh yeah, I’m sure clown is technically correct about the term and definition of recession. The people losing are definitely the people who are being priced out of groceries and homes. Acting like everything is fine and the economy is great is pretty fucking tone deaf.

          • @tst123@lemmy.world
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          • @iopq@lemmy.world
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            That’s not true, inflation-adjusted wages are here:

            https://www.bls.gov/charts/usual-weekly-earnings/usual-weekly-earnings-over-time-total-men-women.htm#

            You can see we’re up in comparison to 2019, and even if this chart cuts off 2023, we’re also up since 2022 anyway

    • @iopq@lemmy.world
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      1•2 years ago

      Not an argument

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