• Maggoty@lemmy.world
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    4 months ago

    So when was deflation? If you’re not worried about the inflation of previous years there must have been deflation. So when did that happen?

    Or is this just more ignoring the reality of inflation to gaslight people?

    It stacks, year after year, unless there’s deflation.

    • mozz@mbin.grits.dev
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      4 months ago

      I got a pop quiz for you

      If wages have grown relative to inflation

      Then has the stacked impact of the reality of wages combined with the stacked impact of the reality of inflation made it easier for the average person to buy groceries? Or harder?

      To any given person, it’ll just seem like groceries are more expensive. That’s always true (because, they are) and when inflation has been high for a couple of years it’ll feel really true and really tangible. That’s why these “I don’t know what you’re talking about I’m struggling, fuckin grocery bills and rent” talking points are so relatable. Because almost certainly the person you’re talking to will feel some version of that. And grocery prices are an easy touch-point to make it feel true.

      But to a person who didn’t have a job before, and now does, it doesn’t feel like “the economic program” got better. It feels like they got a job. To someone who joined a union as those are making a start at a comeback for the last couple of years, or someone who was able to get one of those $15/hr entry level jobs that used to be impossible during and before Trump and are now becoming the standard, it doesn’t necessarily feel like things are “easy” now. And of course you can’t say Biden’s really fully responsible for that all happening, because he’s not.

      If inflation at the grocery store is partly Biden’s fault, though, then why can’t the growth of unions and increase in wages at the bottom end of the scale be partly to his credit?

      That’s the whole point of the OP article. The reality is, those $15/hr jobs and that union membership came about under Biden, and the wage growth that’s happened has been large enough to outpace even a couple years of massive inflation as Covid’s supply-chain issues and government spending really came home to roost. The fact that the growth is actually larger than the pain, even with those challenges, is really remarkable. And it’s weird that that’s not really any kind of significant narrative in the media. And it’s definitely weird that the inflation is somehow Biden’s fault while the wage growth that outpaced it isn’t to his credit.