Despite economic growth, 70% of Americans believe the economy is getting worse
Despite economic growth, 70% of Americans believe the economy is getting worse
According to a new Gallup poll released this week, most Americans are feeling negative about where things are heading with the economy and inflation.
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It's too uneven. Personally our household is doing better because both kids are working and the company I work for ditched plans to go public, and a couple of other factors. But:
Car insurance increased sharply (probably counted as money coming into the economy)
Homeowners insurance increased
Food prices increased.
Wages don't increase as much as household costs. Until the wages of everyday people are growing faster than their expenses, they aren't doing better. Again, personally we are, but I don't think that can be extrapolated out, most households don't have an opportunity to deploy more people to work.
Fuckers always trot out that wage growth shit. They truly don't understand that most people's wages have not increased. If they have they likely have not even kept up with inflation.
I'm an accountant and the measurements used in economics are kind of backwards, they worry about payroll cost, that's true but what the fuck? They measure economic growth as though companies are people and people are expenses.
We need employee owned businesses all round and then that measure might make sense. But as it stands now, it's literally measuring inequality.