this post was submitted on 08 Feb 2024
529 points (77.1% liked)

politics

19246 readers
3216 users here now

Welcome to the discussion of US Politics!

Rules:

  1. Post only links to articles, Title must fairly describe link contents. If your title differs from the site’s, it should only be to add context or be more descriptive. Do not post entire articles in the body or in the comments.

Links must be to the original source, not an aggregator like Google Amp, MSN, or Yahoo.

Example:

  1. Articles must be relevant to politics. Links must be to quality and original content. Articles should be worth reading. Clickbait, stub articles, and rehosted or stolen content are not allowed. Check your source for Reliability and Bias here.
  2. Be civil, No violations of TOS. It’s OK to say the subject of an article is behaving like a (pejorative, pejorative). It’s NOT OK to say another USER is (pejorative). Strong language is fine, just not directed at other members. Engage in good-faith and with respect! This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban.
  3. No memes, trolling, or low-effort comments. Reposts, misinformation, off-topic, trolling, or offensive. Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.
  4. Vote based on comment quality, not agreement. This community aims to foster discussion; please reward people for putting effort into articulating their viewpoint, even if you disagree with it.
  5. No hate speech, slurs, celebrating death, advocating violence, or abusive language. This will result in a ban. Usernames containing racist, or inappropriate slurs will be banned without warning

We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.

All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.

That's all the rules!

Civic Links

Register To Vote

Citizenship Resource Center

Congressional Awards Program

Federal Government Agencies

Library of Congress Legislative Resources

The White House

U.S. House of Representatives

U.S. Senate

Partnered Communities:

News

World News

Business News

Political Discussion

Ask Politics

Military News

Global Politics

Moderate Politics

Progressive Politics

UK Politics

Canadian Politics

Australian Politics

New Zealand Politics

founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[–] reverendsteveii@lemm.ee 55 points 10 months ago (1 children)

"Actually you poors are having an amazing time and everything is great, you're just too stupid to realize it."

[–] 31337@sh.itjust.works -1 points 10 months ago (3 children)

On average, wage growth has outstripped inflation in the last 2.5 years, so most people are better off, income-wise: https://fred.stlouisfed.org/series/LES1252881600Q

Unemployment is near historic lows as well: https://fred.stlouisfed.org/series/UNRATE

Stock market is currently insane, but that's probably just an AI bubble.

[–] reverendsteveii@lemm.ee 11 points 10 months ago (1 children)

On average, wage growth has outstripped inflation in the last 2.5 years

fair

so most people are better off, income-wise

This doesn't necessarily follow. Is it possible to run inflation vs wage growth for the bottom 2/3 of earners? Top-heavy growth could distort the data.

[–] 31337@sh.itjust.works 7 points 10 months ago

That chart is median wages, so it's more middle-heavy.

Looks like bottom 25% still saw real wage growth since pre-covid, but not as much. Says non-supervisory and production worker wages increased faster than the overall median in the last 12 months though: https://home.treasury.gov/news/featured-stories/the-purchasing-power-of-american-households

[–] Nudding@lemmy.world 4 points 10 months ago (1 children)

How many middle class people do you know with 2 jobs and no stock options?

[–] 31337@sh.itjust.works 1 points 10 months ago* (last edited 10 months ago)

I really only know lower-middle-class (family) and and upper-middle-class people (professional acquaintances). The lower-middle-class people I know do seem to be doing better since pre-covid (some had their unions negotiate decent wage increases, some got promotions into superivisory roles, some switched jobs with a big pay bump). The upper-middle-class people I know are doing much better, until maybe recently (some have been laid-off, but they may still come back on top).

I do not currently know anybody with 2 jobs. I know people who work lots of overtime to increase their income though. I'm not saying the poor and lower-middle-class shouldn't be making more money, I'm just saying they're doing a bit better, on average. Real wages have not been stagnating or declining like they have in many long periods in the past.

[–] kiljoy@lemmy.dbzer0.com 0 points 10 months ago

If you hopped jobs yea sure you get a pay bump. Not if you stay.