Must be all the fascism
this post was submitted on 20 Mar 2024
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Corporations paying poverty wages while reporting record profits probably doesn't help either.
Actually, wages are higher during Biden's term than they have ever been in the history of America
These meager token "raises" are, for many if not most of us, wildly insufficient compared to the rising costs of everything (due in very large part to the aforementioned corporations and their year over year record profits).
That's not true, wages have outpaced inflation. So for most people, their costs have been covered by higher wages.
Can you cite a source for this? It is not what most people are anecdotally experiencing so you are being down voted.
https://home.treasury.gov/news/featured-stories/the-purchasing-power-of-american-households
Most people actually are better off, because 50% (the median) is doing much better under Biden than under Trump
Sounds nice on paper but that's not reality for a significant number of people still scraping by paycheck to paycheck, many with college degrees and years of experience, one shitty day away from being homeless.
This was just as true four years ago, and it was true twenty years ago. I'm talking about the improvements under Biden:
https://home.treasury.gov/news/featured-stories/the-purchasing-power-of-american-households
I refer you to my previous comment.
Which previous comment
I refer you to my previous comment.
Which one
I refer you to my previous comment.
Which previous comment?
I refer you to my previous comment.
Which previous comment?
Housing crisis, 40-year out of date poverty level, a minimum wage that hasn't been increased in 15 years and that has had a continuously decreasing purchasing power for almost 60 years. Most expensive healthcare, rampant student loan debt, record-breaking corporate profits, a self-immolating middle class, etc. etc.
Honestly, it's hard to find much to be happy about here right now.
The US is far richer than a lot of the higher ranked countries. Furthermore, it's the best performing country out of the pandemic. Can't be the reason for the drop
I'm glad you have insight into my level of happiness and its cause. I'll correct myself the next time I think about how inflation is keeping me down. WRONG ANSWER, WALLET!
Edit: To be more clear, I'm reasonably well-off and still terrified that I'll die in a financial crisis. Our system sucks.
That's the issue, people are better off than they were under Trump, but social media made us all worried
I'm so glad that big corporations are making record profits. It'll trickle down any day now! /s
Wages during the Biden presidency are the highest ever, even accounting for inflation
Wages are the highest they've ever been and cost of living is the highest it's ever been. Purchasing power is down. It's a simple economic rule. Look up Biden inflation rule 34 to learn more.
https://home.treasury.gov/news/featured-stories/the-purchasing-power-of-american-households
purchasing power is UP, don't believe right wing doomer propaganda, it's not backed by data
A tiny percentage of Americans hold the majority of that wealth. The average American is not wealthy.