Why would that require a poll? Just look at the numbers, it’s not a matter of opinion.
Income isn't keeping up with inflation, 76% of Americans say in new CBS News poll
Submitted 11 months ago by return2ozma@lemmy.world to aboringdystopia@lemmy.world
Comments
jtk@lemmy.sdf.org 11 months ago
partial_accumen@lemmy.world 11 months ago
The poll is a measurement of perception.
Gigan@lemmy.world 11 months ago
In this case, perception matches reality
Turkey_Titty_city@kbin.social 11 months ago
Americans don't care about facts.
Mossheart@lemmy.ca 11 months ago
Judging by a recent presidential candidate poll, this is correct. Americans only seem to care about alternative facts
mob@lemmy.world 11 months ago
I’m sure it’s true, but do we poll over everything now? I feel like there are better, more scientific sources to use than a CBS poll.
I just saw a poll about Bluetooth headphones being unhealthy for you earlier so I just feel like this in general and am using this as a place to put my thoughts tbh.
I just feel like we are putting to much faith into opinions of the masses, and believing what we read online.
eclectic_electron@sh.itjust.works 11 months ago
Polls are important especially in economics because people’s opinions matter. Everyone thinking the economy is bad will cause a recession even if there isn’t an economic reason for one otherwise.
mob@lemmy.world 11 months ago
True.
But this is also another volunteer, likely anonymous, YouGov poll that people are taking as fact again. Lemmy is flooded with them in articles and they have no real value.
Xariphon@kbin.social 11 months ago
Hasn't been in decades. Thanks, Reagan. May you rot in hell.
Mahonia@lemmy.world 11 months ago
I don’t understand the endgame of price gouging. It eventually will just completely destroy the economy.
I hate consumerism and capitalism, but like in functional capitalism the goal is to get people circulating cash as much as possible. The endgame of a massive pool of money on the part of the ruling class effectively will mean that currency is worthless over time.
Even under a shitty economic system that rewards greed, this doesn’t work for long. Only prioritizing the aims of literal psychopaths is a really fucking bad idea.
Viking_Hippie@lemmy.world 11 months ago
Even under a shitty economic system that rewards greed, this doesn’t work for long
That’s kind of the point, though: they literally don’t care about anything except short term profits, be they billionaires or corporations.
Get enough money fast enough and you’re rewarded maximally. Anyone thinking longer than the next quarter, fiscal year at the very most, will be overtaken by those that don’t.
The way the system is set up, once you have more than a set amount of money, you’re rich for the rest of your life. You won’t be allowed to fail even if you’re so bad at business that you lose a billion dollars in a decade where anyone else of your means profited like never before, the government will bail you out in exchange for children going hungry in schools or commuter bridges crumbling.
There’s all incentives in the world to make a shitload of money fast and none to earn in a sustainable way.
explodicle@local106.com 11 months ago
They don’t care if the currency is worthless over time because that’s not how they’re storing their wealth. And in the meantime, they enjoy increased inequality due to the Cantillon effect.
Their endgame is surviving in a bunker they build between now and then.
partial_accumen@lemmy.world 11 months ago
The endgame of a massive pool of money on the part of the ruling class effectively will mean that currency is worthless over time.
How do you figure that? The only thing that would make that currency worthless is the people circulating the currency losing faith in it, i.e. revolution. Is that where your comment is going?
Mahonia@lemmy.world 11 months ago
Not specifically. History has repeated a few times here, but “inflation”, either in a normal pace or artificially created, literally means money is worth less over time. 1920s Germany is a specific and extreme example of this that out in a disastrous way, and also coincides with a similar climate of political extremism. An overview of that period of time in Germany
Asafum@feddit.nl 11 months ago
You’re assuming our economy is made of “rational actors” as some Big Brains would tell you our theories are based off of.
The only rationale is “This make me money now. I do this. Company fail later? Me no care me have gold parachute. New company hire me for more and me do money thing again. Me successful important CEO man.”
fugacity@kbin.social 11 months ago
Well, if you count the corporations as people and give them votes proportional to their income, income does seem to be exceeding inflation. I'm sure in no time trickle-down economics will allow us poor folk to see some of that wealth. I for one certainly already see the wealth that my lovely landlady possesses.
Ragdoll_X@lemmy.world 11 months ago
ChonkyOwlbear@lemmy.world 11 months ago
Being in a union definitely makes a big difference. My union agreed to continue with the existing contract through COVID and put off any raises for the time being. We finally signed a new contract and it includes about a 9% raise each year for the next three years. That should put us ahead of where we would have been if we had gotten the usual raises.
be_excellent_to_each_other@kbin.social 11 months ago
Been with the same company for decades, great relationship with my boss, good performance reviews, haven't seen more than 3.5% in one year for a LONG time.
Making me wish I had a union job, ngl.
eclectic_electron@sh.itjust.works 11 months ago
Doesn’t that chart show wages going up during the pandemic then coming back down to basically the same level they were at before?
jacksilver@lemmy.world 11 months ago
Yeah, looking at those charts it seems like things are really just back to the same before the pandemic. It’s possible people were getting more with things like increased unemployment or stimulus checks during the pandemic so it feels like less now? But based on just the charts it doesn’t seem people are any better/worse off (especially since employment data from the pandemic has a lot of caveats).
Maeve@kbin.social 11 months ago
Reminds me of the dumb friend I used to have who claimed economic collapse would hit poor people last and least, hence former friend. I have to admit I’m rather curious if his opinion has changed now that he’s a sixty + yo first time father who’s company folded and baby mama is bat-guano bpd.
Octavio@lemmy.world 11 months ago
Yah but return on capital is. Just be rich. Sheesh. /s
scytale@lemm.ee 11 months ago
My employer puts out yearly employee surveys and without fail, one of the top questions is always why pay is not keeping up with inflation.
gardylou@lemmy.world 11 months ago
[deleted]roofuskit@lemmy.world 11 months ago
If wages still haven’t caught up with previous inflation it doesn’t make this poll inaccurate or unimportant.
Asafum@feddit.nl 11 months ago
Hurdur YoUr PaReNtS hAd SmAlLeR HoUsEs, SiMpLeR cArS, LeSs PeOpLe, GeT oVeR yOuRsElF eNtItLeD Millennials, iT’s NoRmAl aNd ExPeCtEd, JuSt Be A cEo!
There, the boomered response so we don’t need to see it elsewhere in here.
Cowbee@lemm.ee 11 months ago
The best part is that much of the reason houses are getting bigger and cars becoming more luxurious is because that’s the only way to maintain higher profits. Because we have achieved abundance, the only way to stay on top is for Capitalists to make not participating in the endless consumerist cycle ridiculously difficult.
Case in point: dumb phones. I have felt like my phone addiction is too great, so I have been researching dumb phones. After all, I got by with just a flip phone for years, what’s the harm in going back to something like a Light Phone? Turns out, modern society is built on the assumption that you have a smartphone to install a random app just to accomplish a goal like checking in for a flight, or reading a QR code for a menu, or otherwise.
The standards have “raised,” but only in a way that maintains profit over what’s actually good for humanity.
givesomefucks@lemmy.world 11 months ago
Stop calling corporate greed inflation…
Even adjusted for “inflation” they’re making record profits for the most part.
They just realized that since a handful of giant corporations control all the major brands, if everyone raises prices no one has other options.
It’s fucking price fixing. And neither political party wants to do anything because they get a lot of donations from corporations to pretend there’s any other reason for this besides greed.
Shake747@lemmy.dbzer0.com 11 months ago
When the gov and giant corps are in bed together, it almost makes for a fascist state. Just need to solidify the power into one, maybe two parties for good PR and…oh wait…
givesomefucks@lemmy.world 11 months ago
Well, yeah…
There has to be at least two so they can argue about stuff that doesn’t effect the people so wealthy to be insulated from them…
Meanwhile no matter who wins an election, the rich win 100% of the time.
Bonus point if your two official parties are also “private groups” who can do literally anything they want. They could even legally nominate the exact same person to the general even if that person didn’t run in either primary.
They’re private parties, they can do whatever the fuck they want and they’re also the only ones who can change the system they dominate.
You do that, and revolution is more of an inevitablity on a long enough timeline.
Chakravanti@sh.itjust.works 11 months ago
Be careful. If you find evidence and notify the FBI your ass will be in prison with Mark Whitacre.
nilloc@discuss.tchncs.de 11 months ago
It’s also because as social security is close and closer to failing. Seniors are extremely reliant on retirement plans that rely on always increasing stock market values.
Stock only go up when profits go up. Everything else be damned.
inverted_deflector@startrek.website 11 months ago
The worst thing over the middle of the pandemic was when news reporters started using the i word.
It’ kind of crazy how quickly the tone of interviews from industry reps and leaders shifted. From: “We’re sorry but we’ll all get through this. There are supply chain shortages due to not being able to transport or produce these essential goods and it leads to a chain reaction”
to
“YUP inflation. Sorry nothing we can do about it you know how that economy do.”