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TopicWhat do you think is "wrong" with data that says the economy is good?
legendary_zell
11/14/23 4:59:43 PM
#38:


Things being slightly better than during a time when things were already so bad we got Trump isn't exactly a win. People have felt that things aren't adding up for decades now, regardless of who is in office. And that's because the underlying reality hasn't changed. And that hasn't changed because the underlying system hasn't changed.

People now need two incomes and more work to achieve a life that's not even as good as high schooler on a single income decades ago. Education, housing, and healthcare costs have skyrocketed. Wages have stagnated compared to costs and productivity. Much of the apparent increase or even maintenance in people's standard of living has been financed by previously unthinkable levels of debt. Income inequality is growing, and along with it comes a concentration of wealth and political/economic power. Income mobility has stagnated or decreased relative to other developed countries and our parent's generation. All of this has added up to people no longer feeling that hard work will produce a better future for them and their children.

And you're asking why people don't think the economy is good? It's because tens of millions are living in quite desperation, fighting a losing battle in a system they believed to be rigged, with no meaningful help on the way. The only reason they go on is that they have families to support and stopping means ending up homeless.


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