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submitted 3 months ago by return2ozma@lemmy.world to c/news@lemmy.world
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[-] corsicanguppy@lemmy.ca 4 points 3 months ago

Your feelings about the economy don’t matter when the data all goes in the other direction

Except its not "all the data". Its "the data we've always used to measure this up to now".

I hear you saying an apples-to-apples comparison to show a point is ... somehow bad.

Sometimes I just don't know what people want.

[-] partial_accumen@lemmy.world 4 points 3 months ago

I hear you saying an apples-to-apples comparison to show a point is … somehow bad.

You're gonna have to grow out of just thinking there are only two outcomes: "good" and "bad". The world is more complicated than that. The classic indicators don't reflect the modern average American experience anymore. They were chosen in a different time under different circumstances. They were chosen when a college education cost a couple of thousand dollars a year, a average blue color worker could buy a brand new car every two years, and a small house was easily affordable for a single income earner with the other staying at home raising kids. Clearly you can see how this is now out-of-date with modern American life.

They're fine as a useful apples-to-apples comparison to national economic health, but today fail to show what average Americans experience.

Sometimes I just don’t know what people want.

Introduce some nuance into your worldview and that may help you understand.

this post was submitted on 09 May 2024
219 points (90.1% liked)

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