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submitted 10 months ago* (last edited 10 months ago) by kleeon@hexbear.net to c/the_dunk_tank@hexbear.net
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[-] D61@hexbear.net 104 points 10 months ago

Last year the bread price went from 2.50 a loaf to 2.75. This year the price of bread ONLY rose from 2.75 to 2.90. See? Things are getting better! very-smart

[-] VernetheJules@hexbear.net 29 points 10 months ago* (last edited 10 months ago)
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[-] star_wraith@hexbear.net 97 points 10 months ago

rate of inflation

Weasel question. If the inflation rate was 15% last year and then “only” 13%, then technically the rate of inflation has gone down up obviously you still have the issue of higher prices than last year.

[-] PorkrollPosadist@hexbear.net 85 points 10 months ago

rate of inflation

As @sovietknuckles@hexbear.net said a few days ago:

When your data doesn't confirm the point you want to make, just add more derivatives

[-] invo_rt@hexbear.net 36 points 10 months ago

What no fundamental theorem of calculus does to a mfer yea

[-] iridaniotter@hexbear.net 34 points 10 months ago

cannot wait for bourgeois economists to discuss the jerk, snap, crackle, and pop of inflation

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[-] GalaxyBrain@hexbear.net 86 points 10 months ago

My mistake, I thought everything costs more and rent has fucking tripled since covid. I guess I'm actually not poor despite my lack of money

[-] GinAndJuche@hexbear.net 75 points 10 months ago

Did you read the basket of goods they use? It includes a tv ffs. Apparently tv prices matter to people who have to choose which meal they skip.

The wall is too kind for these stains upon humanity

I for one am purchasing a new TV each month. It’s a staple for our household. We go out and it’s like a nice little tradition we’ve established. Then we put it in the living room, hold hands, and skip around it chanting while we burn the old one at its feet so it knows to behave.

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[-] plinky@hexbear.net 83 points 10 months ago* (last edited 10 months ago)

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 10 months ago

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

[-] invalidusernamelol@hexbear.net 79 points 10 months ago

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 10 months ago

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 10 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.

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[-] usernamesaredifficul@hexbear.net 21 points 10 months ago

they would count house prices going up as sucess

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[-] SorosFootSoldier@hexbear.net 38 points 10 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 10 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

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[-] SwitchyWitchyandBitchy@hexbear.net 74 points 10 months ago

“Do you think the rate of inflation has risen or stayed the same since this time last year.”

People are correctly pointing out that inflation has made prices worse. The fact that the rate is down is little consolation when the rate has been very high and is still higher than for their salaries.

[-] GinAndJuche@hexbear.net 48 points 10 months ago

Translated into reality:

The economy is so bad we don’t even base our measurements of it on the assumption that it’s stable.

[-] CrushKillDestroySwag@hexbear.net 45 points 10 months ago

Someone posted an inflation graph on here the other day that showed the huuuuuuuge spike a year ago and the not-even-close-to-comparable dip that's happened since then. That question is absolutely a cherry picked piece of data.

[-] Mardoniush@hexbear.net 44 points 10 months ago

I personally think that requiring ordinary people to understand differential calculus to parse the question is cool and normal.

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[-] Mindfury@hexbear.net 74 points 10 months ago

hey nerd, break question 1 down into income quartiles for me.

oh, look at that - the other 4 questions have immediately been explained by the rate of wage increase per income quartile? wow

[-] Mindfury@hexbear.net 53 points 10 months ago

fuck, i went to the replies and Aimee fucking Therese made this exact point.

[-] Ho_Chi_Chungus@hexbear.net 73 points 10 months ago

Time traveler from 1800: "Wow! What was the 21st century like?"

Me: "I got gaslit by a fucking magazine"

[-] Great_Leader_Is_Dead@hexbear.net 68 points 10 months ago

There's now like 2-5 Op-Eds/Twitter threads a week about how the economy is ASKCUALLY doing GREAT now, and every one gets posted to r/neoliberal

[-] WayeeCool@hexbear.net 39 points 10 months ago* (last edited 10 months ago)

The funniest part is no one wants to talk about why roughly 10% to 15% say there is no inflation, they are wealthier than ever, and life is great but the other 90% of the US is screaming that they are living on the edge closer to homelessness and ruin than ever before. Sometimes these same articles will mention that luxury car sales are at an all time high as further evidence that the 90% are just being delusional.

Which socioeconomic class do your think the authors of all these articles and posts fall into, the 90% or 10%? Same people always try to point out to fellow Americans that by being in the US a person is automatically in the global top 10%, which is an insidious lie. It's eye opening for most Americans when they learn only the top 15% of US households fall into the global top 10%, that most Americans don't take home the required $150,000 USD or greater but a few tens of thousand each year and are indebted with zero savings. The sheer number of US adults who only manage to earn roughly $20,000 USD per year is hard for these people to wrap their minds around.

The US government only tracking "household income" rather than a break down of incomes for individual working aged US adults is also a slight of hand. An unspecified number of individual people living under one roof with multiple incomes being combined to get that household income number, further skewed by millions of functionally homeless (couch surfing, living in cars, living in motels a few days a week) working adults most of which are lower income being just ignored.

[-] ShimmeringKoi@hexbear.net 30 points 10 months ago

Shirt questions raised shirt

[-] MineDayOff@hexbear.net 67 points 10 months ago

"Here's why what you're experiencing is not actually real."

-Some Chucklefuck

[-] Great_Leader_Is_Dead@hexbear.net 32 points 10 months ago

TBF, people "experience" things that aren't going on all the time.

Half of Republicans think they live under a Trans-Muslim Communist dictatorship, for example.

[-] ShimmeringKoi@hexbear.net 24 points 10 months ago* (last edited 10 months ago)

wtyp-gang

although the communist part is iffy

[-] Judge_Juche@hexbear.net 28 points 10 months ago

They have half a communist but it's split between Roz and Alice

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[-] AssaultRifle15@hexbear.net 65 points 10 months ago

Fish hook theory is proved correct once again. Libs and Conservatives are both fully on board with the "facts don't care about your feelings" method of argument and don't seem to understand that being smarmy to people who are miserable doesn't get them to like you.

[-] FourteenEyes@hexbear.net 33 points 10 months ago

And then they follow their feelings and twist the facts to suit them

[-] Trustmeitsnotabailou@hexbear.net 58 points 10 months ago

These freaks are going to fuck up their game and bag by denying Americans their bread and circus

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[-] queermunist@lemmy.ml 56 points 10 months ago* (last edited 10 months ago)

Am I out of touch? 🤔

No. It's the masses who are wrong. 🙃

[-] quarrk@hexbear.net 45 points 10 months ago

Hilarious tbh. The audacity to publish a poll where you shit talk one segment of the population, not to mention 90%

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[-] Judge_Juche@hexbear.net 45 points 10 months ago

Stancil as great, I hope he never gives this up. Like its been explained to him dozens of times every day for three years now that peoples experience of the economy really can't be captured in macroeconomic data and ultimately it's people's lived experience that will drive voting in 2024. And yet every day he logs on with a new GDP chart and screams at people that their should change their opinion on the economy becuase of the chart.

Also the only people that follow him and engage with him are leftists who are there to make fun of him.

[-] Vingst@hexbear.net 24 points 10 months ago

oh, it's that clown getting roasted for making excuses to avoid reading and engaging with theory

https://www.carlbeijer.com/p/crank-profiles-3-will-stancils-theory

[-] CrimsonSage@hexbear.net 44 points 10 months ago

If you are outside the top decile then things have objectively gotten worse over the past 30 years.

[-] 420stalin69@hexbear.net 42 points 10 months ago

BUT HAVE YOU CONSIDERED THAT YOU CAN WATCH YOUTUBE ON YOUR FRIDGE NOW

[-] Des@hexbear.net 25 points 10 months ago

fridge: "ad blockers are not allowed on youtube: content blocked"

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[-] CarbonScored@hexbear.net 37 points 10 months ago

"The peasants say they're not eating food or getting clean water. But have they considered that they're wrong?"

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[-] mar_k@hexbear.net 32 points 10 months ago* (last edited 10 months ago)

I'd like to meet the 40% of Americans who think it hasn't gotten worse since the 90's. "Fuck you I got mine" boomer/gen x types?

[-] Alaskaball@hexbear.net 26 points 10 months ago

Survey bias, I'm willing to bet Florida village retirees are skewering the data in their favor by virtue of having nothing else better to do with their remaining time on earth

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[-] VernetheJules@hexbear.net 30 points 10 months ago

It's the stupid, economy!

[-] pumpchilienthusiast@hexbear.net 23 points 10 months ago

anytime I see some liberal writing about how the economy is doing great and they don't understand why we think it's bad I think of this

[-] carpoftruth@hexbear.net 22 points 10 months ago

It's a good thing that all workers experience life the same way as invented metrics

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this post was submitted on 03 Dec 2023
185 points (100.0% liked)

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