Biden is going to lose the election isn't he?
Fuck.
"I feel like I'm on a hamster wheel" — US cost of living has skyrocketed since 2020
Submitted 11 months ago by return2ozma@lemmy.world to aboringdystopia@lemmy.world
Comments
Hyperreality@kbin.social 11 months ago
Fredselfish@lemmy.world 11 months ago
What I fear. Biden just weak and his presidency been meh. I will vote for him but will enough people do the same in the states that count.
workerONE@lemmy.world 11 months ago
He had some significant accomplishments including the infrastructure bill. With that said, I don’t really care for his personality and all I wanted was healthcare reform (single payer, etc) which we didn’t get. Also he waited until Israel killed thousands of Palestinian civilians before he started addressing it, but once it happened it seems like he did try to stop it.
RubberElectrons@lemmy.world 11 months ago
He’s done some good environmental stuff. But we’ll see 😬
ExLisper@linux.community 11 months ago
And I think it’s one more thing that Poland will copy from US. People got super exited when the right wing government lost the election but my prediction has always been that the “progressive” government will be extremely meh and in 4 years they will lose anyway.
the_q@lemmy.world 11 months ago
Yeah. I really think he will. Trump shouldn’t be allowed to run, but in America you can try and overthrow the government, be a cartoon villain in the business sector and a rapist and they’ll let you be president twice.
It’s all rigged anyway. The electoral college, gerrymandering, having some states votes count more and ignoring the popular vote… We’re at the mercy of our corporate overlords.
Franzia@lemmy.blahaj.zone 11 months ago
We have never had a good president, not in my lifetime.
pinkdrunkenelephants@lemmy.cafe 11 months ago
It is way past time to start a new country.
tryptaminev@feddit.de 11 months ago
Thats what you get, when one party is economic hardcore neoliberalists and otherwise fascists and the other party is neoliberal reactionaries with some gay rights sprinkled in.
There is no political left in American mainstream politics and they get fucked royally for it. But then again Americans want to get fucked over getting evil socialist things like affordable healthcare
Rootiest@lemmy.world 11 months ago
But then again Americans want to get fucked over getting evil socialist things like affordable healthcare
As an American, while I do enjoy fucking (I thought that was a universal thing for the most part) I also would really appreciate affordable (or better yet free) healthcare as well.
We should try not to assume that every member of a population agrees with every choice their government makes.
lolcatnip@reddthat.com 11 months ago
while I do enjoy fucking (I thought that was a universal thing for the most part)
Asexuality is a thing.
Locuralacura@lemm.ee 11 months ago
I love being accused of personally overthrowing every south American country because I am from US.
NikkiDimes@lemmy.world 11 months ago
According to Gallup, most Americans do believe healthcare is the government’s responsibility (57% yes to 40% no, remainder unsure/no opinion). Meanwhile paradoxically, 53% prefer private healthcare over government-run system vs 43% that would prefer government-run, so what in the actual fuck…
PersnickityPenguin@lemm.ee 11 months ago
Do you have Medicare? Do you realize how shitty it is? If you don’t also buy a private plan to “fill in the gaps” you’re screwed.
iegod@lemm.ee 11 months ago
You can prefer one thing but dream of another because the current implementation sucks. It’s less an enigma and more apples to oranges.
FontMasterFlex@lemmy.world 11 months ago
But I was told here yesterday that inflation is going down and I should be happy things are the way they are… /s
mohammed_alibi@lemmy.world 11 months ago
Inflation is like acceleration. Acceleration going down means you are still speeding up, just at a lower rate. For prices to go down, we need DEFLATION!
SuiXi3D@kbin.social 11 months ago
Inflation has gone down. Doesn’t mean the prices have. In fact they specifically keep going up, because it seems that literally every business has decided the only thing that matters is how much their CEO is worth.
KinglyWeevil@lemmy.dbzer0.com 11 months ago
When every industry and consumer goods producer is a monopoly, market competition no longer exists so prices don’t really effect demand. Especially for inelastic goods like gas or food.
1847953620@lemmy.world 11 months ago
So it hasn’t gone down in the sense of the actual purchasing power for the average person. Meaning price inflation.
dipshit@lemmy.world 11 months ago
I didn’t mention this to you. it must have been some other dipshit.
Malfeasant@lemm.ee 11 months ago
corsicanguppy@lemmy.ca 11 months ago
Think how it would be if inflation were to keep going up.
FontMasterFlex@lemmy.world 11 months ago
Keep beating me please massa.
Railing5132@lemmy.world 11 months ago
Except it hasn’t. Inflation-adjusted prices for commonly-referenced foodstuffs (eggs, milk, bacon, and coffee, for example) are actually steady since 1995.
Things feel expensive in part because human perception over time is a frail thing and we can remember (for example) that when we were younger, gas was $1.20 a gallon. Of course, that was when I was in high school and making minimum wage, which was $3.05. Adjusting both those to inflation (in 2023 dollars), that’s $3.76 for the gas (spot on) and $9.95 for minimum wage (which is a bit short of the current federal of $7.29, although 29 states have set higher minima, the lowest of which is $9.95)
This isn’t intended to make anyone feel any better. The big problem is the absolute insane record profits and consolidation of wealth into an equally insane number of billionaires. Those are the forces we should be lining up with knives and forks against.
And contrary to the “both sides” argument, there’s one side that wants to take absolutely everything for themselves and create a Christo-fascist theocracy, continuing to hoard their gold like Smaug; and another that, while still upper class and definitely not perfect, does try reduce world suck. Choose wisely.
Grandwolf319@sh.itjust.works 11 months ago
Your using “inflation adjusted” which imo does not work.
Let’s say something costs $10 and you earn $100 a day. Then inflation comes around and it’s now $13, but your wage is $110 now.
You can use the “inflation adjusted” values to argue that it’s always been $13 in today’s money. But it’s not longer 10% of your income.
Inflation adjusted values only work when wages also go up and down with the same rate, which is obviously not true and the crux of the issue.
Ranvier@sopuli.xyz 11 months ago
That’s why we have “real wages” statistic so you can do that comparison. Where you adjust wages for inflation in comparison to a set point in time so they are comparable.
weforum.org/…/50-years-of-us-wages-in-one-chart/
This chart only goes to 2019. Real wages did dip some during the corona virus pandemic as for a time inflation was out pacing wage increases. This has since reversed though, with wage growth outpacing inflation, and real wages are now higher than they were in 2019. Anchored to 1992-1984 dollars, in 2019 real wages were $10.96 /hr, in October 2023 they were $11.05.
So yes, as of right now inflation that occured during the pandemic has been fully accounted for and then some by the total wage growth that occured during and since. Wage growth continues to out pace inflation, so hopefully things will continue to get better. That’s not to say there hasn’t been a persistent problem over decades of wages getting diluted. Real wages dropped significantly in the 1970s and 1980s, remained flat in the 90s and 00s, and only really began to recover after the financial crisis in 2008.
2023 real wages report www.bls.gov/news.release/pdf/realer.pdf
2019 real wages report stats.bls.gov/news.release/…/realer_01142020.pdf
Wage growth vs inflation: www.statista.com/…/wage-growth-vs-inflation-us/
hedgehogging_the_bed@lemmy.world 11 months ago
This article is confusing as fuck. How can you use 2022 dollars “adjusted” and then claim there’s no inflation. That’s literally what that adjustment is for, to normalize prices for inflation over time.
Also it jokes eggs aren’t crazy expensive but they’ve been up to comedy levels of pricey at least twice in 3 years due to avien flu.
NotSoCoolWhip@lemmy.world 11 months ago
There’s no change in the inflation rate, not denying the fact that inflation exists. All he’s saying is that it is not a parabolic increase, but a straight line.
phubarr@lemmy.world 11 months ago
This concept needs to spread. Those record profitisand the consolidation of wealth is a real-life exploit (a hack) of capitalism. These types of situations were never intended by the visionaries that designed capitalism. This entire clusterfuck of 1% having 99% of the money was never intended by design, nor seemed like a plausible situation to need to design protections for when the economy started getting destroyed by this situation. As the sickness of greed among policymakers grew, they punched holes in the system in order to exploit the mechanics of the capitalism to collect virtually limitless money while simultaneously denying other less privileged people not “in the know” the chance to do the same.
Does anyone remember the original Super Mario Brothers, where you could get crowns, basically giving you more lives than you could possibly use? These capitalist hackers found a way to get crowns at the expense of the 99%, and nobody has any clue or organized any way to stop this hack/exploit from ruining it for everyone else.
lolcatnip@reddthat.com 11 months ago
dumpsterlid@lemmy.world 11 months ago
Ever since they got us to come out of the fields and into the factories, the point has always been about a class war against the poor. To act otherwise is to ignore history.
currycourier@lemmy.world 11 months ago
Worth noting that how we calculate inflation itself has changed significantly though. shadowstats.com/…/no-438-public-comment-on-inflat…
Ranvier@sopuli.xyz 11 months ago
First of all the comparisons are to 2019, not pre 1983 when those changes are made, so most of this is totally irrelevant to the point I was making. That’s also why all the real wage statistics are anchored to 1982-1984 dollars. Second a forever unchanging fixed basket of goods is not a good way to measure inflation. What people spend their money on changes over time. Cell phones are necessary now, didn’t used to be, shouldn’t they be in the consumer price index? Internet is necessary now, those costs should be in the index. The same things that were necessary in 1975 are not the exact same things people are buying now. Using the exact same basket of goods from 1975 would be ridiculous and not useful. Another frequent criticism is that housing prices aren’t included after 1983. The reasoning being that is an investment, not an expense that you will never get back. However rent is, and the increased housing cost ends up reflected in the rent. So that change doesn’t change the index nearly as much as you might think.
Lots more details here if you’re interested:
nytimes.com/…/inflation-measure-cpi-accuracy.html
Or archived version
All this is to say, I’m highly suspicious of this sudden narrative across the entire media that the economy is in shambles and everyone is struggling, when almost all measures are to the contrary. I’m expecting migrant caravans and all sorts of other sensationalized non stories with only some kernel of truth on the way. And a headline “prices didn’t increase from September to October” gets nowhere near as many clicks as “inflation was 3.2% in October,” even if technically true, taking advantage of misconceptions about what an annualized rate is.
whatwhatwutyut@midwest.social 11 months ago
Small correction - federal minimum wage is $7.25, not $7.29
Thermal_shocked@lemmy.world 11 months ago
That four sense makes a difference
gandalf_der_12te@feddit.de 11 months ago
Agree with you, real wages have stagnated, and so have real prices.
However, one thing that bothers me, and that I’d like to know, is what does it mean to “eat the rich”? “Eat” in what sense? Destroy? Take all their money? Because why are people so angry, that someone else is doing better than them? Is it some form of jealousy? Idk. What people should be looking at, IMO, is how they themself are doing. Are they doing ok? If not, then we have a problem. But why do they care whether somebody else has a lot of money? I seriously don’t get it.
Son_of_dad@lemmy.world 11 months ago
I’m on a hamster wheel, but I tripped, and the wheel is still spinning, and I’m just tumbling over and over and getting trampled by the other hamsters
iheartneopets@lemm.ee 11 months ago
As someone who has had something large and expensive break with frequent enough regularity lately that it’s been keeping me from building up almost any savings for almost a year, I feel this. I feel very behind.
CatfishSushi@lemmy.world 11 months ago
I’ve never understood why people go and shoot up schools when there’s likely a conference for designers of major appliances just ASKING for it. /s
faction2145@lemmy.world 11 months ago
Aggressive price controls work. Profit forfeitures work. Generous universal social programs work. But no, Joe wants to use the defense production act instead to make meds. Neoliberalism is accelerating fascism and autocracy.
OtakuAltair@lemm.ee 11 months ago
Capitalism working as intended, don’t worry guys
Sanctus@lemmy.world 11 months ago
Am I on the hamster wheel, or is the hamster wheel on me?
He does not know, his landlord ate his raise.
zcd@lemmy.ca 11 months ago
He tried to scream but his mouth was full of hamster wheels
SnotFlickerman@lemmy.blahaj.zone 11 months ago
I Have No Mouth, Only Hamster Wheels, and I Must Scream
Adramis@lemmy.blahaj.zone 11 months ago
Ate his what??