So inflation (sans energy and food, smfh) is 20% since 2019, but wages are ahead of inflation in the whole last year of those 5 years. the year after massive interest rate hikes designed to drive down inflation. Yippee.
How are these economists able to look in a mirror with that sort of bullshit dribbling off their chins?
For years there was a push by economists to include metrics on how people perceive the economy, because that will indicate their spending patterns.
Now, ‘only look at this specific data point, that does not include rents, mortgages or food, and indicates that wages are just slightly above inflation, as long as you don’t go back more than 6.2 months of data as proof that the economy is roaring!’.
So inflation (sans energy and food, smfh) is 20% since 2019, but wages are ahead of inflation in the whole last year of those 5 years. the year after massive interest rate hikes designed to drive down inflation. Yippee.
How are these economists able to look in a mirror with that sort of bullshit dribbling off their chins?
For years there was a push by economists to include metrics on how people perceive the economy, because that will indicate their spending patterns.
Now, ‘only look at this specific data point, that does not include rents, mortgages or food, and indicates that wages are just slightly above inflation, as long as you don’t go back more than 6.2 months of data as proof that the economy is roaring!’.