Conversation

Notices

1. Embed this notice
   Jay Kuo (jaykuo@universeodon.com)'s status on Thursday, 28-Dec-2023 01:39:59 JST Jay Kuo

   Today I want to look at the economy from two angles: how it’s objectively doing, and how it’s perceived to be doing. Are things still bad, or is this largely vibes? And importantly, how will economic sentiment affect the crucial election next year? https://open.substack.com/pub/statuskuo/p/election-factor-one-the-economy?r=1zr8b&utm_campaign=post&utm_medium=web&showWelcome=true

   • Embed this notice
     🎓 Doc Freemo :jpf: 🇳🇱 (freemo@qoto.org)'s status on Thursday, 28-Dec-2023 01:43:25 JST 🎓 Doc Freemo :jpf: 🇳🇱

     in reply to

     @jaykuo

     Objectively its bad, real bad. Food prices alone can tell you that.

     Perception: Whoever has their politician in office thinks its going good, whoever doesnt will think its going bad. Despite things still being bad when it switches everyone will flip-flop

   • Embed this notice
     gnutelephony (gnutelephony@floss.social)'s status on Thursday, 28-Dec-2023 12:15:35 JST gnutelephony

     in reply to

     • Nobody باچیز नास्ति (he/him)
     • Mister Sterling
     • Jimmy

     @jimmylewis @tadbithuman @brendo @jaykuo if your white or wealthy, it's a great economy. If your not, your now scavenging for food in McDonald's trash bins while being told it's the best economy ever.

   • Embed this notice
     Jimmy (jimmylewis@hachyderm.io)'s status on Thursday, 28-Dec-2023 12:15:43 JST Jimmy

     in reply to

     • Nobody باچیز नास्ति (he/him)
     • Mister Sterling

     @tadbithuman @brendo @jaykuo This.

     The metrics used to determine how well the economy is doing are out of sync with reflecting how well the average person can afford to live. That is why "objectively" looking at the economy is actually still a subjective result. There is no "objective" view.

     Every article: "economy looks great by these metrics, lots of jobs, etc. Sure, inflation was high and salaries didn't compensate, but the economy looks great! Profits are up! Jobs are up!"

   • Embed this notice
     Nobody باچیز नास्ति (he/him) (tadbithuman@mastodon.social)'s status on Thursday, 28-Dec-2023 12:15:44 JST Nobody باچیز नास्ति (he/him)

     in reply to

     • Mister Sterling

     @brendo @jaykuo

     After sustained inflation in all expenditure categories, the baseline prices are already too high and most employers have not given their employees cost of living adjustments, minimum wages have not been updated for 15 years. The vibes are vibes for the privileged but crushing poverty for those who aren't. The economic relief from public expenditure in 2020-2021 was helpful but there needs to be more salve for the wounds of the poor.

     More...

   • Embed this notice
     Nobody باچیز नास्ति (he/him) (tadbithuman@mastodon.social)'s status on Thursday, 28-Dec-2023 12:15:44 JST Nobody باچیز नास्ति (he/him)

     in reply to

     • Mister Sterling

     @brendo @jaykuo

     As someone has said, replace the word 'economy' with the phrase 'rich people's yacht money', then yes, the economy is doing good.

   • Embed this notice
     Mister Sterling (brendo@masto.nyc)'s status on Thursday, 28-Dec-2023 12:15:45 JST Mister Sterling

     in reply to

     @jaykuo It is all vibes. The economy, amazingly, is still doing fine. But Americans are angry, frustrated, fat, sick and depressed. You can show them stats all day, and millions of them will still sulk and sit out the 2024 election, which only helps Trump.