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[–] 55 points 2 years ago (6 children)

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

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  • [–] -1 points 2 years ago (5 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.

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  • [–] 11 points 2 years ago (1 child)

    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.

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  • [–] 4 points 2 years ago (1 child)

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

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  • [–] 1 point 2 years ago* (last edited 2 years 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.

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