wrongly believe US 
is in recession – and most blame Biden 
: politics
https://old.reddit.com/r/politics/comments/1cxwt7v/majority_of_americans_wrongly_believe_us_is_in/
meanwhile
Also thats not how "reccession" is defined anymore
https://theweek.com/feature/opinion/1015424/debate-over-whether-recession-has-begun
https://www.npr.org/2022/07/29/1114599942/wikipedia-recession-edits
Dumb chuds dont know shit!
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This is exactly the kind of rslurred take I expect from burgers. Wage growth has actually been strongest at the low end, for the first time since the 1970s iirc.
Meanwhile, big tech is suffering because the ZIRP party is over and they have to cut the deadwood and show profits for the first time in decades.
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Aren't you one of us bb?
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Technically no. My parents moved to the US when I was 4 but I'm not a citizen.
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Still sounds American to me
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Greencardchads are the true ascended caste. No matter who wins, I can always pull the "not my president" card.
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Victory has 100 fathers but defeat is an orphan
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Are you my deadbeat dad?
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Darn bb sry to hear
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It's okay, that was a joke. My parents are still together and I love my dad.
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phew! Thank GOD the economy is ok! I mean contractor teams of immigrants are undercutting us left and right and shareholders and CEO's are posting record profits while the cost of living and fuel continues to go up but at least the Economy is ok! Thought it was going to shit!
its ok ill add my own marseys:
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Wages are growing faster than prices. If they aren't for you then it's a skill issue. Sorry u suck
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Poor people being able to ostensively afford and now compete for the fixed supply of goods I'm also chasing has not benefited me economically
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It's even worse than it sounds b/c those poor people used to provide cheap services for us and now we have to pay them more
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Not if I can help it
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Google has had major layoffs for the first time in its history, afaik.
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Too bad inflation and prices are outpacing the rate of wage growth.
Germ*ns, when will they ever learn?
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I know you're german and cant read english at a high level but cmon, the word and is pretty basic.
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Neighbor wtf do you think 'inflation' is?
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Your fetish ofc
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Wrong. I'm a popper.
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Wages are growing because we have more immigrants than ever working for cheaper
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This is the Fatal Conceit of not adjusting for inflation. The Weimar republic was completely and utterly r-slurred, but they had wage growth technically despite having less purchasing power
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Real wages are growing especially at the low end
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Only in the sleight-of-hand kind of way that labor cost is synonymous with a system's wages, and labor costs are a singular input of production.
In other words, so long as labor costs grow faster than other production inputs, we can say that wages outpace the growth of prices, though this doesn't help most Americans.
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I mean when they go out and measure wage growth for the bottom percentiles and they measure price growth, the measured wage growth is greater than the measured price growth. There isn't really any slight of hand there?
It seems like you have some kind of model in mind but it sounds like you're overlooking productivity growth, which explains most real wage increases. In other words in your model of the world it's impossible for real wages to ever increase over the long term but that's clearly not true; real wages are much much higher now than they were 100 years ago, obviously.
???
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I don't believe we've seen labor productivity rise to the extent that we've seen labor costs rise.
You could argue that total productivity has grown higher than wages, though it's easier to attribute these gains to capital improvements.
To the extent that a state should distribute the fruits of capital productivity is a political question, but for those of us not within the bottom quartile, the significant increases in labor costs hasn't been positive for QoL.
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I dont care about the low end. They're low for a reason. I care about the middle end. 4 years ago I could spend $60 on groceries for a week. Now that same set of groceries costs me $120. I dont care if my wages go up if my purchasing power doesnt. This is Biden's fault for not reigning in the fed.
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Of course theres going to be record profits when the money supply is inflated and all your costs just massively increased. Even if your margin decreased your profits could still go up. They just repeat this stuff without a source
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