How the economy is doing has always been a contentious topic, particularly when friends and family with different politics gather for Thanksgiving dinner. And the question has gotten even thornier this year, with consumer sentiment and polling data about the economy becoming historically de-linked from official measures of economic health like GDP. It’s not our job to tell people how they should feel about the economy, but we can at least add some facts as context to common complaints.
Because he isn’t. It’s borderline impossible to buy a house, gas prices are still through the roof, and consumer prices have skyrocketed. The article tries to play down the latter two increases by pointing to the average wage. However, studies show that most Americans have received a wage/salary increase in the last three years. This, in turn, suggests that the average wage increase championed by the EPI (which, by the way, is essentially the liberal version of the Heritage Foundation) is more likely related to a significant increase at either the floor or ceiling of wages. With the Fight for 15 movement gaining increasing popularity over the last few years, and a growing number of states increasing their minimum wages, it wouldn’t be surprising if its mainly the floor that’s increasing. If that’s the case, the fact that the average wage is increasing is relatively meaningless for most Americans.
I don’t think you understand how bad the Heritage Foundation is. EPI, for example, isn’t drafting anything remotely as awful as Project 2025. EPI isn’t trying undermine democracy, it just provides a counter to the acid the Heritage Foundation peddles as a tonic.
I mean, Project 2025 is essentially a brief on how to reduce government bureaucracy and regulation, which has been a position of conservative economics for as long as I can remember. EPI also briefs lawmakers on how to implement liberal economic policy. I’d hardly call either of those undermining democracy.
This loser upvoted his own shit! AND boosted himself! Wow, what a cuck!
There’s lies, there’s damn lies, and then there’s statistics