Bidenomics At Work

[Jolly]

https://www.cnn.com/2023/08/08/economy/401k-hardship-withdrawals/index.html

[jon-nyc]

All while real wages are rising and inflation is back down.

I wonder how much of it is related to the end of the student loan moratorium.

[Jolly]

Talk to real people and I think you'll find that inflation has been so bad, the rise in real wages does not begin to dig them out of a hole.

Just as a minor example...The buzz around my community lately was the price of potatoes at Walmart... $13 and change for a ten pound bag. That gripe competes with guys talking about the price of a new pickup.

[Doctor Phibes]

We're still having a hard time finding people to interview. We had a technician position open, and had one applicant, who we reached out to in the first place.

[Jolly]

@Doctor-Phibes said in Bidenomics At Work:

We're still having a hard time finding people to interview. We had a technician position open, and had one applicant, who we reached out to in the first place.

Is that because the regional economy is booming?

[Doctor Phibes]

@Jolly said in Bidenomics At Work:

@Doctor-Phibes said in Bidenomics At Work:

We're still having a hard time finding people to interview. We had a technician position open, and had one applicant, who we reached out to in the first place.

Is that because the regional economy is booming?

If I'm honest, I don't really know why it's like this. Economic reports don't imply that we're booming here, but actual hiring actual people is tough. I spoke to the guy working in the cafeteria, and they can't get staff for love nor money.

[Jolly]

Wage problems?

[Mik]

$13? Wow. $7 for 10 lbs at Kroger here. $9 at Walmart.

[Jolly]

@Mik said in Bidenomics At Work:

$13? Wow. $7 for 10 lbs at Kroger here. $9 at Walmart.

Could be shipping, I dunno. That, and I'm ignorant of how Walmart sets prices. I do know you can see some variation between stores.

[Doctor Phibes]

@Jolly said in Bidenomics At Work:

Wage problems?

They're offering 80-90K for the technician job.

[Jolly]

Well, that's a used Corolla and a studio apartment on the East Coast...

[jon-nyc]

@Jolly said in Bidenomics At Work:

Well, that's a used Corolla ...

What more could a person ask for?

[Mik]

Jon - living beneath his means - in cars, anyway.

[jon-nyc]

Inflation since the passing of the inflation reduction act.

[Copper]

Up every month

Thanks Joe

[Jolly]

Now, give me the debt figures since the IRA...

[Axtremus]

@Jolly said in Bidenomics At Work:

Now, give me the debt figures since the IRA Reagan ...

[jon-nyc]

GOLDMAN SACHS: "The CHIPS Act and Inflation Reduction Act are boosting US manufacturing construction substantially.  New incentives have boosted spending on manufacturing-related construction and should boost manufacturing equipment investment and employment soon too."

[Jolly]

@Axtremus said in Bidenomics At Work:

@Jolly said in Bidenomics At Work:

Now, give me the debt figures since the IRA Reagan ...

The goalposts are at the back of the end zone, not across the street from the parking lot.

[Aqua Letifer]

@Jolly said in Bidenomics At Work:

Well, that's a used Corolla and a studio apartment on the East Coast...

In rural Delaware maybe.