Except for the part where not really. CPI kept going up until it outpaced CoL adjustments. Not to mention for minimum wage earners, their paychecks have been stuck at $7.25 since 2009. From 2020 to 2022, the united states dropped 5 spots in Human Development index, and when you adjust for income inequality are doing even worse. 64% of US adults are delaying medical care because they can’t afford their next treatment because of pre-existing medical debt.
This system of focusing entirely on traditional economic indicators and ignoring the growing chasm between the impoverished in this country, the vanishing middle class, and the wealthy is weird. It’s not normal. It’s not okay.
it also shows consumer purchasing power, the metric that matters when you’re buying things, falling. inflation tells us that our currency is just as valuable as ever when compared to other currencies, but CPI tells us that our ability to live on that currency is reduced. which is what i’m trying to say and talk about. the fact that inflation has been stable, but consumer purchasing power is reduced speaks to massive amounts of petty greed coursing through the system. the problem from here is that 47 is a greedy fucking bastard and so are all his cronies. the theft machine is getting way more intense right now, but that doesn’t change the fact that for most americans, they didn’t get to see the benefits of the pandemic recovery, but 47 and his buddies certainly did. they then used that financial power to by tv coverage and ads that would ensure a greater likelihood of taking over and intensifying the greed machine. i appreciate what you’re ultimately saying, that 47 is worse for people than the alternative, but if we’re going to ever have our country back from the greedy wolves, we need to convince our fellow sheep that a wolf shouldn’t be in charge, and to do that we need to understand how they got tricked by the wolves
People’s paychecks in fact did keep pace with inflation
Except for the part where not really. CPI kept going up until it outpaced CoL adjustments. Not to mention for minimum wage earners, their paychecks have been stuck at $7.25 since 2009. From 2020 to 2022, the united states dropped 5 spots in Human Development index, and when you adjust for income inequality are doing even worse. 64% of US adults are delaying medical care because they can’t afford their next treatment because of pre-existing medical debt.
This system of focusing entirely on traditional economic indicators and ignoring the growing chasm between the impoverished in this country, the vanishing middle class, and the wealthy is weird. It’s not normal. It’s not okay.
Your link shows pay outpacing inflation
it also shows consumer purchasing power, the metric that matters when you’re buying things, falling. inflation tells us that our currency is just as valuable as ever when compared to other currencies, but CPI tells us that our ability to live on that currency is reduced. which is what i’m trying to say and talk about. the fact that inflation has been stable, but consumer purchasing power is reduced speaks to massive amounts of petty greed coursing through the system. the problem from here is that 47 is a greedy fucking bastard and so are all his cronies. the theft machine is getting way more intense right now, but that doesn’t change the fact that for most americans, they didn’t get to see the benefits of the pandemic recovery, but 47 and his buddies certainly did. they then used that financial power to by tv coverage and ads that would ensure a greater likelihood of taking over and intensifying the greed machine. i appreciate what you’re ultimately saying, that 47 is worse for people than the alternative, but if we’re going to ever have our country back from the greedy wolves, we need to convince our fellow sheep that a wolf shouldn’t be in charge, and to do that we need to understand how they got tricked by the wolves
That’s not what inflation means, inflation is compared to goods, not other currencies
Purchasing power improved during Biden