this post was submitted on 28 Nov 2023
3 points (100.0% liked)
Technology
58144 readers
4482 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Yeah, about that. The economy only looks robust because its health is based on the stock value of a limited number of U.S. corporations. The average American human being is fuckin broke...ironically, because of the pursuit of eternal continuous growth (which is impossible) for profit.
That is categorically false and it's dishonest to suggest so.
GDP is at the highest rate in years. We are at full employment. Participation rate is the highest it's been in 50 years. Wages outpaced inflation while inflation was crazy high helping debtors and the working class at the same time.
Your ideology blinds you.
Do you have a source on “wages outpac[ing] inflation”?
Most people get confused because inflation is already accounted for in most reported numbers.
https://www.bls.gov/news.release/pdf/eci.pdf&ved=2ahUKEwjDiuPqoemCAxULFzQIHRmiCJEQFnoECBIQBg&usg=AOvVaw1jlbP0dE9X_Mpb3XsIXwT4