The OP is the one gas-lighting.
- Real wages have risen since before the pandemic across the income distribution. In particular, middle-income and lower-income households have seen their real earnings rise especially fast. And in the past 12 months, real wages overall have grown faster than they did in the pre-pandemic expansion.
- Household purchasing power has increased as a result. In 2023, the median American worker can afford the same goods and services as they did in 2019, plus an additional $1,000 to spend or save—because median earnings rose faster than prices.
- The U.S. economy now has over 2 million more jobs than pre-pandemic forecasters expected. Therefore, more and more workers are benefitting from increased purchasing power, thanks to the strong and resilient labor market.[1]
- This pattern of rising purchasing power is particularly American: other advanced economies have generally seen lower, and in many cases negative, real wage growth.
Look, I don't know where you people are or what you do, or don't do for a living, but if you are complaining and moaning about the economy, YOU ARE A LOSER. The above is from the Department of Treasury, and here is the key takeaway,
- In 2023, the median American worker can afford the same goods and services as they did in 2019, plus an additional $1,000 to spend or save—because median earnings rose faster than prices.
Inflation is now under control and wage growth is outstripping the rate of inflation. Unemployment has remained under 4% for the longest stretch of time in FIFTY FLIPPIN DAMN YEARS.
The expanded child tax credit that ended two years ago, despite making deep cuts in the child poverty rate, is back on the table. Insulin prices and out-of-pocket prescription drugs prices for Medicare beneficiaries are now CAPPED. The first time in history.
Graph and download economic data for Net domestic investment: Private: Domestic business (W790RC1Q027SBEA) from Q1 1960 to Q3 2024 about investment, domestic, business, Net, private, GDP, and USA.
fred.stlouisfed.org
Check out the growth in business investment. Dee-Yam.