Wages now rising faster than inflation

C

Concart

Well-known member
Contributor
THE SKY IS FALLING!!!!!!!!!!!!!

Guess not. Another almost perfect jobs report, job growth has slowed, but continues to be positive. Wages grew at a rate of 4.4%, exceeding the increase in inflation. No recession. No depression. Slow but steady growth, and inflation continues to come down.

As usual, all of the idiot Trump worshipers had it wrong, Biden continues to get it right when it comes to the economy. But Hunter!!!!!!!!!!!!!!!!!!!!!!!!!!!! Cocaine!!!!!!!!!!!!!!!!!!!!!! Transgenders!!!!!!!!!!!!!!!!

2024 is going to be an absolute rout.

Discuss the brilliance of the Biden Administration in negotiating the economic rapids without tanking the economy. Can you imagine how shitty it would be if Trump was in charge? Thank God that will never happen again.

https://abcnews.go.com/Business/wir...solid-gain-potentially-complicating-100827866
 
Actually wages were growing faster under Trump and inflation was far lower.

Guess you forgot all the records Trump broke as a first term president.

Only took your idiot three years to produce any positive numbers at all.
 
Tinkerpeach said:
Actually wages were growing faster under Trump and inflation was far lower.

Guess you forgot all the records Trump broke as a first term president.

Only took your idiot three years to produce any positive numbers at all.
Click to expand...
But Trump practically guaranteed that if Americans dared to elect Biden there would be an unprecedented economic depression of apocalyptic proportions.

You can't just chop off the part of Trump's economic record you don't like. When you look at Trump's entire term in office, he lost three million jobs and had a worse economic performance of than any Democratic president of the last 30 years.
 
If we're talking pure economic polling this is from a week ago:


"In a major economic speech in Chicago, Biden said his administration’s efforts were sparking recovery after Republican policies had crushed America’s middle class. But the poll said only one in three U.S. adults approve of his economic leadership.

That 34% figure is even lower than his overall approval rating of 41%, according to the survey from The Associated Press-NORC Center for Public Affairs Research."


https://apnews.com/article/biden-poll-economy-survey-jobs-inflation-b3c77cb208f96f9b039cf48cbc4fb67b


On top of that you have almost half of Democrats who don't want Biden to run for re-election. I've attempted to stop making election predictions because I suck at it but that data right there does not scream out the next election will be an absolute route.
 
Tinkerpeach said:
Actually wages were growing faster under Trump and inflation was far lower.

Guess you forgot all the records Trump broke as a first term president.

Only took your idiot three years to produce any positive numbers at all.
Click to expand...

You are one of the most ignorant posters I have ever encountered. Wages were NEVER growing this fast under Trump. NOT ONE TIME. But you are so fucking lazy you don't bother to look up anything. Instead, you come here and let me make you look like the lazy, ignorant fucking moron that you are.

https://www.epi.org/nominal-wage-tracker/

Do everyone a favor and don't post a fact unless you actually check it. That way, you don't have to suffer humiliation at my hands. It's embarrassing for you.
 
cawacko said:
If we're talking pure economic polling this is from a week ago:


"In a major economic speech in Chicago, Biden said his administration’s efforts were sparking recovery after Republican policies had crushed America’s middle class. But the poll said only one in three U.S. adults approve of his economic leadership.

That 34% figure is even lower than his overall approval rating of 41%, according to the survey from The Associated Press-NORC Center for Public Affairs Research."


https://apnews.com/article/biden-poll-economy-survey-jobs-inflation-b3c77cb208f96f9b039cf48cbc4fb67b


On top of that you have almost half of Democrats who don't want Biden to run for re-election. I've attempted to stop making election predictions because I suck at it but that data right there does not scream out the next election will be an absolute route.
Click to expand...

This perception is the result of lazy people not bothering to read. The economy is objectively in a very good place. Inflation coming down, low unemployment, slow but steady growth. It's disingenuous for Republicans to scream at the top of their lungs that the economy is completely tanking, and then point to the consumer confidence they are ATTEMPTING TO DESTROY and claim that proves the economy is bad. It doesn't.

There has never been a political environment more ripe for a complete wipeout. Republicans had ONE issue they could have run on in 2022, and it failed them. That issue is now gone. Kaput. Meanwhile, the GOP has overplayed their hand on virtually every issue. Abortion, LGBTQ rights, book banning, guns, voting rights. And they are about to nominate a guy who could very well be in prison on election day. Any Republican who has a desire to run for office and isn't a sycophant of the Donald is going to sit this one out.

Unless something radically changes between now and the election, it is going to be the end of the GOP in its current fascist form. And independents are not blind. Biden will win a vast majority of those voters. A piece of toast could beat Trump,
 
Concart said:
This perception is the result of lazy people not bothering to read. The economy is objectively in a very good place. Inflation coming down, low unemployment, slow but steady growth. It's disingenuous for Republicans to scream at the top of their lungs that the economy is completely tanking, and then point to the consumer confidence they are ATTEMPTING TO DESTROY and claim that proves the economy is bad. It doesn't.

There has never been a political environment more ripe for a complete wipeout. Republicans had ONE issue they could have run on in 2022, and it failed them. That issue is now gone. Kaput. Meanwhile, the GOP has overplayed their hand on virtually every issue. Abortion, LGBTQ rights, book banning, guns, voting rights. And they are about to nominate a guy who could very well be in prison on election day. Any Republican who has a desire to run for office and isn't a sycophant of the Donald is going to sit this one out.

Unless something radically changes between now and the election, it is going to be the end of the GOP in its current fascist form. And independents are not blind. Biden will win a vast majority of those voters. A piece of toast could beat Trump,
Click to expand...

This is just my opinion but I think it has little to do with people not reading. Inflation crushes people and its something very visible they see and feel. Job growth is great but when people feel poorer (because of inflation) there's a good chance they aren't bullish on the economy and that's the case for a lot of people. It's a lot easier for someone with money to whom inflation hits a lot less to think it not a big deal.
 
cawacko said:
This is just my opinion but I think it has little to do with people not reading. Inflation crushes people and its something very visible they see and feel. Job growth is great but when people feel poorer (because of inflation) there's a good chance they aren't bullish on the economy and that's the case for a lot of people. It's a lot easier for someone with money to whom inflation hits a lot less to think it not a big deal.
Click to expand...

Those same people thought the economy was 'the greatest economy in history' when Trump was President. I'm sorry, but they are lazy, and they seem to be proud of it. That's not true of everyone, but it IS true of most of the Trump cult You are not the Republican party any longer. You are capable of reason and objective thought. You don't fit. The level of sloth among these Trump supporters is embarrassing.

I am not suggesting that people didn't feel inflation. But they are also well aware of the fact that inflation IS coming down, groceries are actually now cheaper than they were a year ago, and people are certainly seeing that. By the time people are voting, this will have sunk in to anyone willing to be open to reality. Unfortunately for sane Republicans, Trump is going to drive their party off the cliff. Christie has it right. He wants to stay in long enough to litigate the case against Trump on the debate stage, because after the election next year, Trump will be totally toxic, and those who kissed his ass will be pariahs. Book it.
 
Concart said:
Those same people thought the economy was 'the greatest economy in history' when Trump was President. I'm sorry, but they are lazy, and they seem to be proud of it. That's not true of everyone, but it IS true of most of the Trump cult You are not the Republican party any longer. You are capable of reason and objective thought. You don't fit. The level of sloth among these Trump supporters is embarrassing.

I am not suggesting that people didn't feel inflation. But they are also well aware of the fact that inflation IS coming down, groceries are actually now cheaper than they were a year ago, and people are certainly seeing that. By the time people are voting, this will have sunk in to anyone willing to be open to reality. Unfortunately for sane Republicans, Trump is going to drive their party off the cliff. Christie has it right. He wants to stay in long enough to litigate the case against Trump on the debate stage, because after the election next year, Trump will be totally toxic, and those who kissed his ass will be pariahs. Book it.
Click to expand...

Maybe I’m off here but to me not every person in this country spends their life focused on politics or is driven by partisan ideology. (plenty are but not everyone).

There are a certain percentage of people on the right and left who will never ever support the other side and will never credit the other side for anything. But there are also large numbers of people who don’t fit in that category. They aren’t ideologies nor hard core partisans. So these folks could vote for someone but also say they don’t think they are doing a good job (either overall or on a particular issue).

Inflation may be dropping but that doesn’t mean it’s good. Costs are still up and people may still feel poorer or that things aren’t as good. That could change in time but that’s likely why so many feel the way they do about the economy.
 
Cypress said:
But Trump practically guaranteed that if Americans dared to elect Biden there would be an unprecedented economic depression of apocalyptic proportions.

You can't just chop off the part of Trump's economic record you don't like. When you look at Trump's entire term in office, he lost three million jobs and had a worse economic performance of than any Democratic president of the last 30 years.
Click to expand...

Covid hit, not his fault.

The entire world was affected by that but looking at his record before Covid he was the most successful economic president in US history.
 
Concart said:
You are one of the most ignorant posters I have ever encountered. Wages were NEVER growing this fast under Trump. NOT ONE TIME. But you are so fucking lazy you don't bother to look up anything. Instead, you come here and let me make you look like the lazy, ignorant fucking moron that you are.

https://www.epi.org/nominal-wage-tracker/

Do everyone a favor and don't post a fact unless you actually check it. That way, you don't have to suffer humiliation at my hands. It's embarrassing for you.
Click to expand...

Your gay chart validates my point.

You don’t know how to read charts do you?
 
cawacko said:
Maybe I’m off here but to me not every person in this country spends their life focused on politics or is driven by partisan ideology. (plenty are but not everyone).

There are a certain percentage of people on the right and left who will never ever support the other side and will never credit the other side for anything. But there are also large numbers of people who don’t fit in that category. They aren’t ideologies nor hard core partisans. So these folks could vote for someone but also say they don’t think they are doing a good job (either overall or on a particular issue).

Inflation may be dropping but that doesn’t mean it’s good. Costs are still up and people may still feel poorer or that things aren’t as good. That could change in time but that’s likely why so many feel the way they do about the economy.
Click to expand...

Exactly

Bidens economy is still shot it just doesn’t stink as much as it did but that is in spite of his efforts to ruin it, not a single one of his policies has done anything to help the economy

You will notice that the economy didn’t start recovering until the republicans took the house and could block Biden’s horrid economic policies
 
cawacko said:
If we're talking pure economic polling this is from a week ago:


"In a major economic speech in Chicago, Biden said his administration’s efforts were sparking recovery after Republican policies had crushed America’s middle class. But the poll said only one in three U.S. adults approve of his economic leadership.

That 34% figure is even lower than his overall approval rating of 41%, according to the survey from The Associated Press-NORC Center for Public Affairs Research."


https://apnews.com/article/biden-poll-economy-survey-jobs-inflation-b3c77cb208f96f9b039cf48cbc4fb67b


On top of that you have almost half of Democrats who don't want Biden to run for re-election. I've attempted to stop making election predictions because I suck at it but that data right there does not scream out the next election will be an absolute route.
Click to expand...

Never was going to be regardless of who runs, last several have been close elections.

Not huge fan of polls, but today they are even less informative largely cause in today’s world people lie to pollsters
 
cawacko said:
This is just my opinion but I think it has little to do with people not reading. Inflation crushes people and its something very visible they see and feel. Job growth is great but when people feel poorer (because of inflation) there's a good chance they aren't bullish on the economy and that's the case for a lot of people. It's a lot easier for someone with money to whom inflation hits a lot less to think it not a big deal.
Click to expand...

For the most part, people think of the economy as the way it is presented to them, if it is repeatedly portrayed as bad, they feel it is bad regardless of the reality

Inflation is noticed, a trip to the grocery store proves that, but it doesn’t appear to slow down most people’s discretionary spending habits. Trips, Hotels, Cars, are all up, but they are also selling. When was the last time you turned on a college football game, know you’d relate there, or any major sporting event and seen the stand empty. But guarantee if one polled the fans exiting the game they’d say the economy sucks
 
Concart said:
This perception is the result of lazy people not bothering to read. The economy is objectively in a very good place. Inflation coming down, low unemployment, slow but steady growth. It's disingenuous for Republicans to scream at the top of their lungs that the economy is completely tanking, and then point to the consumer confidence they are ATTEMPTING TO DESTROY and claim that proves the economy is bad. It doesn't.

There has never been a political environment more ripe for a complete wipeout. Republicans had ONE issue they could have run on in 2022, and it failed them. That issue is now gone. Kaput. Meanwhile, the GOP has overplayed their hand on virtually every issue. Abortion, LGBTQ rights, book banning, guns, voting rights. And they are about to nominate a guy who could very well be in prison on election day. Any Republican who has a desire to run for office and isn't a sycophant of the Donald is going to sit this one out.

Unless something radically changes between now and the election, it is going to be the end of the GOP in its current fascist form. And independents are not blind. Biden will win a vast majority of those voters. A piece of toast could beat Trump,
Click to expand...

Nah, even if the GOP had a disastrous election, it ain’t going anywhere, May finally shed itself of Trumpism, which would help it to return to actual conservatism, but the party will survive, I’ve lived long enough to see the predicted death of both parties and there both still here
 
Concart said:
THE SKY IS FALLING!!!!!!!!!!!!!

Guess not. Another almost perfect jobs report, job growth has slowed, but continues to be positive. Wages grew at a rate of 4.4%, exceeding the increase in inflation. No recession. No depression. Slow but steady growth, and inflation continues to come down.

As usual, all of the idiot Trump worshipers had it wrong, Biden continues to get it right when it comes to the economy. But Hunter!!!!!!!!!!!!!!!!!!!!!!!!!!!! Cocaine!!!!!!!!!!!!!!!!!!!!!! Transgenders!!!!!!!!!!!!!!!!

2024 is going to be an absolute rout.

Discuss the brilliance of the Biden Administration in negotiating the economic rapids without tanking the economy. Can you imagine how shitty it would be if Trump was in charge? Thank God that will never happen again.

https://abcnews.go.com/Business/wir...solid-gain-potentially-complicating-100827866
Click to expand...

Liar....this jobs report is alarming because it means that the Fed has far to still go in raising rates, which causes huge problems because rates were so low for so long. This is the overhang of making many trillions of new dollars in a short amount of time. The correction will be brutal.
 
Concart said:
THE SKY IS FALLING!!!!!!!!!!!!!

Guess not. Another almost perfect jobs report, job growth has slowed, but continues to be positive. Wages grew at a rate of 4.4%, exceeding the increase in inflation. No recession. No depression. Slow but steady growth, and inflation continues to come down.

As usual, all of the idiot Trump worshipers had it wrong, Biden continues to get it right when it comes to the economy. But Hunter!!!!!!!!!!!!!!!!!!!!!!!!!!!! Cocaine!!!!!!!!!!!!!!!!!!!!!! Transgenders!!!!!!!!!!!!!!!!

2024 is going to be an absolute rout.

Discuss the brilliance of the Biden Administration in negotiating the economic rapids without tanking the economy. Can you imagine how shitty it would be if Trump was in charge? Thank God that will never happen again.

https://abcnews.go.com/Business/wir...solid-gain-potentially-complicating-100827866
Click to expand...

Did you bother to read the article you linked to? What they actually said is that putting a damper on demand is a good thing. And they said new housing construction is a good thing too which is wrong, it lowers the value of existing stock people are trying to sell. You're economically illiterate.
 
Hawkeye10 said:
Liar....this jobs report is alarming because it means that the Fed has far to still go in raising rates, which causes huge problems because rates were so low for so long. This is the overhang of making many trillions of new dollars in a short amount of time. The correction will be brutal.
Click to expand...

Put down the bottle sicko. Every prediction you make is wrong. Every. Single. One.
 
archives said:
Nah, even if the GOP had a disastrous election, it ain’t going anywhere, May finally shed itself of Trumpism, which would help it to return to actual conservatism, but the party will survive, I’ve lived long enough to see the predicted death of both parties and there both still here
Click to expand...

The GOP will survive. The GOP cult will be dead.
 
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