Bidenomics At Work
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Had street food from a food truck last night. A Mediterranean style "platter" with lamb and felafel over rice with a bit of salad and a soda ran $10. Used to be $8 just before COVID, $7 around 2010.
A certain Chinatown "dinner box" with four condiments plus one starch and one soup is now $7.50. Used to be $4.50 around 2010.
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@Axtremus said in Bidenomics At Work:
Had street food from a food truck last night. A Mediterranean style "platter" with lamb and felafel over rice with a bit of salad and a soda ran $10. Used to be $8 just before COVID, $7 around 2010.
A certain Chinatown "dinner box" with four condiments plus one starch and one soup is now $7.50. Used to be $4.50 around 2010.
Probably could get the same meals for a lot less in 1965...
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From the RWEC: CBS.
The typical American household must spend an additional $11,434 annually just to maintain the same standard of living they enjoyed in January of 2021, right before inflation soared to 40-year highs, according to a recent analysis of government data.
Such figures underscore the financial squeeze many families continue to face even as the the rate of U.S. inflation recedes and the economy by many measures remains strong, with the jobless rate at a two-decade low. The analysis, from Republican members of the U.S. Senate Joint Economic Committee, taps government data such as the Consumer Price Index and Consumer Expenditure Survey to examine the impact of inflation state by state.
Even so, many Americans say they aren't feeling those gains, and this fall more people reported struggling financially than they did prior to the pandemic, according to CBS News polling. Inflation is the main reason Americans express pessimism about economy despite its bright points, which also include stronger wage gains in recent years.
To be sure, economists point to a number of pandemic-related issues as the cause of high inflation, rather than decisions from any one political party. For instance, spending bills were signed by both Presidents Donald Trump and Joe Biden that put stimulus money into the hands of millions of Americans, while global supply-chain snarls and labor shortages drove up the cost of goods and services.
But even as inflation is now cooling rapidly, many consumers say they aren't feeling it, with a new Bankrate survey finding 60% of working Americans say their income has lagged inflation has over the past 12 months.
"Now look here, you Baltic gas passer... " - Mik, 6/14/08
The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.
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To be sure, economists point to ... decisions from ... one political party. For instance, ... Joe Biden ... put stimulus money into the hands of millions of Americans ... and ... drove up the cost of goods and services.
Welcome to Joe Biden's America.
Education is extremely important.
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@Horace said in Bidenomics At Work:
To be sure, economists point to ... decisions from ... one political party. For instance, ... Joe Biden ... put stimulus money into the hands of millions of Americans ... and ... drove up the cost of goods and services.
Welcome to Joe Biden's America.
Interesting use of ellipses...
"Now look here, you Baltic gas passer... " - Mik, 6/14/08
The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.
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@George-K said in Bidenomics At Work:
@Horace said in Bidenomics At Work:
To be sure, economists point to ... decisions from ... one political party. For instance, ... Joe Biden ... put stimulus money into the hands of millions of Americans ... and ... drove up the cost of goods and services.
Welcome to Joe Biden's America.
Interesting use of ellipses...
I'm studying to be a journalist.
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This post is deleted!
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Trump shares his fair share of the blame, but the article ignores that the bills were written and passed by Democrat controlled Congresses.
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https://www.bls.gov/news.release/empsit.nr0.htm
https://wapo.st/4aNHOCg
https://www.washingtonpost.com/business/2024/01/05/december-jobs-unemployment/Economy added 216,000 jobs in December, capping off a year’s worth of solid gains
The unemployment rate held at 3.7 percent.
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As of December, the labor market added 2.7 million jobs in 2023, with an average monthly gain of 225,000 jobs. The unemployment rate has now remained below 4 percent for more than two years, a stretch last accomplished in the 1960s. Average hourly wage growth accelerated slightly in December, rising by 4.1 percent over the previous 12 months to $34.27 an hour and continuing to beat inflation, boosting workers’ spending power.Bidenomics is working well.
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Always remember, Operation Valkyrie was an act of sedition.
Warning: I post things that interest me. Read and comment at your own discretion. -
@Jolly said in Bidenomics At Work:
- We always add seasonal jobs this time of year.
The article gives you not only December figures, but also figures for the whole of 2023.
- Take government jobs out of the figures and get back to me.
If you think that will make a meaningful difference, you show the work and explain why the difference is meaningful.
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Yay… Foreclosures are up 34%.
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All these wonderful new jobs, yet the massive layoffs last year are still affecting employee moral and confidence…
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@Axtremus said in Bidenomics At Work:
@Jolly said in Bidenomics At Work:
- We always add seasonal jobs this time of year.
The article gives you not only December figures, but also figures for the whole of 2023.
- Take government jobs out of the figures and get back to me.
If you think that will make a meaningful difference, you show the work and explain why the difference is meaningful.
Did you actually read and comprehend the article you linked? 52K. 25% of the new jobs. They averaged 56K new jobs per month over the year, or 672K over the year.
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By the way, did you notice they also revised October numbers again? They’ve dropped it over 35% over the past two months.
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@LuFins-Dad said in Bidenomics At Work:
By the way, did you notice they also revised October numbers again? They’ve dropped it over 35% over the past two months.
They tend to do that, dont'cha know.
"Now look here, you Baltic gas passer... " - Mik, 6/14/08
The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.
-
@George-K said in Bidenomics At Work:
@LuFins-Dad said in Bidenomics At Work:
By the way, did you notice they also revised October numbers again? They’ve dropped it over 35% over the past two months.
They tend to do that, dont'cha know.
Tale as old as time, but not 35% over 60 days... That’s a more recent story…
