this post was submitted on 03 Dec 2023
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the_dunk_tank

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It's the dunk tank.

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[–] plinky@hexbear.net 83 points 11 months ago* (last edited 11 months ago) (4 children)

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.

edgeworth-shrug

[–] Maoo@hexbear.net 72 points 11 months ago (1 children)

Now ask them to adjust for housing costs, which they more or less never do.

[–] invalidusernamelol@hexbear.net 79 points 11 months ago (2 children)

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?

[–] Parsani@hexbear.net 59 points 11 months ago (3 children)

Idk about you but new TVs is a primary monthly expense for me. I have like 6 in my bathroom alone.

[–] alcoholicorn@hexbear.net 29 points 11 months ago

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.

[–] BountifulEggnog@hexbear.net 19 points 11 months ago (1 children)

Amerikkkan kkkrakkker spotted

[–] Parsani@hexbear.net 37 points 11 months ago (1 children)

You are just jealous of my FREEDOM

🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸

[–] emizeko@hexbear.net 34 points 11 months ago* (last edited 11 months ago) (1 children)

this bit works even better with a Malaysian flag

🇲🇾🇲🇾🇲🇾🇲🇾🇲🇾🇲🇾🇲🇾🇲🇾

[–] LaGG_3@hexbear.net 15 points 11 months ago

Do NOT defile my FLAG with a damn MOON!

🇱🇷 🇱🇷 🇱🇷 🇱🇷 🇱🇷 🇱🇷 🇱🇷 🇱🇷 🇱🇷 🇱🇷

[–] kristina@hexbear.net 11 points 11 months ago

Gotta have Tucker Carlson shouting about communism at you from all angles, natural laxative

[–] usernamesaredifficul@hexbear.net 21 points 11 months ago (2 children)

they would count house prices going up as sucess

[–] invalidusernamelol@hexbear.net 14 points 11 months ago

Yeah, because they are housing prices going up as solidifying their position in the owning class

[–] RedDawn@hexbear.net 13 points 11 months ago (1 children)

They definitely do! Rent went up? Oh, that means the GDP increased lol

[–] usernamesaredifficul@hexbear.net 11 points 11 months ago

to their mind rent going up is an increase in income not costs

[–] SorosFootSoldier@hexbear.net 38 points 11 months ago

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 nerd "

[–] plinky@hexbear.net 35 points 11 months ago

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

[–] D61@hexbear.net 4 points 11 months ago (1 children)

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.

[–] plinky@hexbear.net 6 points 11 months ago

I should have made clear this is bls data, i don't know what ft is citing outside of vibes