Last year the bread price went from 2.50 a loaf to 2.75. This year the price of bread ONLY rose from 2.75 to 2.90. See? Things are getting better!
bread prices huh?
:can’t-remember-name-of-arm-right:
:can’t-remember-name-of-arm-left:“ITS KONQUESTING TIME!”
rate of inflation
Weasel question. If the inflation rate was 15% last year and then “only” 13%, then technically the rate of inflation has gone down up obviously you still have the issue of higher prices than last year.
rate of inflation
As @sovietknuckles@hexbear.net said a few days ago:
When your data doesn’t confirm the point you want to make, just add more derivatives
What no fundamental theorem of calculus does to a mfer
cannot wait for bourgeois economists to discuss the jerk, snap, crackle, and pop of inflation
Yeah I’m not gonna be happy until I see negative inflation. Deflation.
As somebody with debt and no sabings, inflation is ok by me IF my wages go up by the same amount, it actually benefits me by decreasing the amount of debt I owe.
My mistake, I thought everything costs more and rent has fucking tripled since covid. I guess I’m actually not poor despite my lack of money
Did you read the basket of goods they use? It includes a tv ffs. Apparently tv prices matter to people who have to choose which meal they skip.
The wall is too kind for these stains upon humanity
I for one am purchasing a new TV each month. It’s a staple for our household. We go out and it’s like a nice little tradition we’ve established. Then we put it in the living room, hold hands, and skip around it chanting while we burn the old one at its feet so it knows to behave.
Tv did take a huge dip in price (completely unrelated to the fact the majority of people were watching content on their phones or computer screens I’m sure) so literally every article uses them, the one thing that’s decreased in price, as a comparison point to show stuff isn’t getting more expensive.
The main reason TVs have dropped in price is because under surveillance capitalism the TV watches you. On a lot of models more money is made from all of the spyware and adtech that comes with TV than from the sale of the TV itself.
Interactive TV sets will be watching us, just as we watch them. They will also report back to the beast at computer headquarters. Our telephone conversations will be automatically wire tapped and transcripted by the National Security Agency
Killah Priest “information”, from Heavy Mental, 1998
Haha, whoa, true on every point, love when people nail it
Yeah it’s the fuckin’ best…
🎶 You think you’ve private lives Think nothing of the kind
There is no true escape I’m watching all the time 🎶
This explains why it’s virtually impossible to buy a “dumb” TV anymore.
Have you checked your bank account for a recent inheritance from your dear aunt sally?
The fact that I have a very very rich great aunt who never spent a dime on herself (her husband who died before I was born, so must have been when she was in her 40s or so was like one of the earliest investors in AT&T and obviously that paid off big.) is pretty much what’s keeping me able to not be homeless. So…yeah, that is essentially the case.
Real average hourly earnings increased 0.8 percent, seasonally adjusted, from October 2022 to October 2023. The change in real average hourly earnings combined with a decrease of 0.9 percent in the average workweek resulted in no change in real average weekly earnings over this period.
Now ask them to adjust for housing costs, which they more or less never do.
They almost never include necessities in these calculations. To them the real measure of economic activity is the price of 65" TVs dropping 10%, not rent going up 100% or housing prices going up 200-300%, or food prices going up 60%.
Hey, you can get a smart TV for 85% the adjusted price of one last year and wages have gone up .8% on average meaning you can open another tv! Why are you complaining?
Idk about you but new TVs is a primary monthly expense for me. I have like 6 in my bathroom alone.
I have 8 in the room I’m in right now.
I bought one of them from a store, the rest are second-hand, 2 are over 20 years old.
IDK why anyone would use a consumer good that people buy on average like once a decade. Might as well include mattress and car prices in there.
Amerikkkan kkkrakkker spotted
You are just jealous of my FREEDOM
🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸
this bit works even better with a Malaysian flag
🇲🇾🇲🇾🇲🇾🇲🇾🇲🇾🇲🇾🇲🇾🇲🇾
Do NOT defile my FLAG with a damn MOON!
🇱🇷 🇱🇷 🇱🇷 🇱🇷 🇱🇷 🇱🇷 🇱🇷 🇱🇷 🇱🇷 🇱🇷
Gotta have Tucker Carlson shouting about communism at you from all angles, natural laxative
they would count house prices going up as sucess
Yeah, because they are housing prices going up as solidifying their position in the owning class
They definitely do! Rent went up? Oh, that means the GDP increased lol
to their mind rent going up is an increase in income not costs
This is what these policy wonk nerds do they mire you down in the little details, "um, SIR, ACTUALLY you got 0.8cents of a raise, adjusted for inflation in QE 3 of 2024, ipso facto things are better than 30 years go
"That’s even without jumping into quintiles. If two quintiles got shit on, and two got the bombenomics bonus, you’ll have your half of population mad. Not that ft cares
The weasel wording of “rate of hourly earnings” and not “net income per paycheck”.
If your hourly wages increase but the number of hours you work is less than it was before, then your income has effectively been cut.
I should have made clear this is bls data, i don’t know what ft is citing outside of vibes
“Do you think the rate of inflation has risen or stayed the same since this time last year.”
People are correctly pointing out that inflation has made prices worse. The fact that the rate is down is little consolation when the rate has been very high and is still higher than for their salaries.
Translated into reality:
The economy is so bad we don’t even base our measurements of it on the assumption that it’s stable.
Someone posted an inflation graph on here the other day that showed the huuuuuuuge spike a year ago and the not-even-close-to-comparable dip that’s happened since then. That question is absolutely a cherry picked piece of data.
I personally think that requiring ordinary people to understand differential calculus to parse the question is cool and normal.
Fortunately they don’t need calculus to recognize the state’s BS in this case
Liberals and being weasels, name a more iconic duo
Capitalists and being invasive pigs.
It’s the equivalent of raising the prices by 10% before having a “blow out sale” of 5%
More like raising prices 15% and then acting like it’s a sale to only raise them an additional 4%
hey nerd, break question 1 down into income quartiles for me.
oh, look at that - the other 4 questions have immediately been explained by the rate of wage increase per income quartile? wow
fuck, i went to the replies and Aimee fucking Therese made this exact point.
Time traveler from 1800: “Wow! What was the 21st century like?”
Me: “I got gaslit by a fucking magazine”
There’s now like 2-5 Op-Eds/Twitter threads a week about how the economy is ASKCUALLY doing GREAT now, and every one gets posted to r/neoliberal
The funniest part is no one wants to talk about why roughly 10% to 15% say there is no inflation, they are wealthier than ever, and life is great but the other 90% of the US is screaming that they are living on the edge closer to homelessness and ruin than ever before. Sometimes these same articles will mention that luxury car sales are at an all time high as further evidence that the 90% are just being delusional.
Which socioeconomic class do your think the authors of all these articles and posts fall into, the 90% or 10%? Same people always try to point out to fellow Americans that by being in the US a person is automatically in the global top 10%, which is an insidious lie. It’s eye opening for most Americans when they learn only the top 15% of US households fall into the global top 10%, that most Americans don’t take home the required $150,000 USD or greater but a few tens of thousand each year and are indebted with zero savings. The sheer number of US adults who only manage to earn roughly $20,000 USD per year is hard for these people to wrap their minds around.
The US government only tracking “household income” rather than a break down of incomes for individual working aged US adults is also a slight of hand. An unspecified number of individual people living under one roof with multiple incomes being combined to get that household income number, further skewed by millions of functionally homeless (couch surfing, living in cars, living in motels a few days a week) working adults most of which are lower income being just ignored.
Shirt questions raised shirt
“Here’s why what you’re experiencing is not actually real.”
-Some Chucklefuck
TBF, people “experience” things that aren’t going on all the time.
Half of Republicans think they live under a Trans-Muslim Communist dictatorship, for example.
although the communist part is iffy
They have half a communist but it’s split between Roz and Alice
God I wish
don’t worry we will soon be sitting on our thrones ordering the cis masses marched to the transing chambers
because that’s a community that was imagined for them by what they consume. Watching shit through the TV is not experiencing anything
This is the same argument Libs are using to dismiss people’s economic woes. It’s all just social media feeding them bad vibes, the stats say people are actually doing great!
ur right listening to fox news and cnn talk about pan-muslamic trans-jihadi terrorism is the same as my landlord saying the rent will increase when my lease renews
Don’t mistake me for making this argument myself, I’m just saying it’s their counter-argument.
If you come at them with this line they’ll just say it’s an anecdote, better to point out the blind spots in the data, like for example that housing is objectively way more expensive across the board with little sign of getting better anytime soon, so even if people are doing a bit better otherwise most of that improvement is being eaten up by housing costs.
Fish hook theory is proved correct once again. Libs and Conservatives are both fully on board with the “facts don’t care about your feelings” method of argument and don’t seem to understand that being smarmy to people who are miserable doesn’t get them to like you.
And then they follow their feelings and twist the facts to suit them
These freaks are going to fuck up their game and bag by denying Americans their bread and circus
“Oh cool! Rope is on sale!”
Axes are very cheap, pretty easy to maintain, and incredibly reliable.
Guns very cheap. Bulk ammo is relatively cheap. Meanwhile basic needs keep rising with no end in sight. Sounds like a good combination for a country that never has homicidal maniacs shooting up public places due to misplaced rage.
Am I out of touch? 🤔
No. It’s the masses who are wrong. 🙃
Hilarious tbh. The audacity to publish a poll where you shit talk one segment of the population, not to mention 90%
It’s cool and good to shittalk the rich.
Stancil as great, I hope he never gives this up. Like its been explained to him dozens of times every day for three years now that peoples experience of the economy really can’t be captured in macroeconomic data and ultimately it’s people’s lived experience that will drive voting in 2024. And yet every day he logs on with a new GDP chart and screams at people that their should change their opinion on the economy becuase of the chart.
Also the only people that follow him and engage with him are leftists who are there to make fun of him.
oh, it’s that clown getting roasted for making excuses to avoid reading and engaging with theory
https://www.carlbeijer.com/p/crank-profiles-3-will-stancils-theory
If you are outside the top decile then things have objectively gotten worse over the past 30 years.
