577
A Very Good Sign: Kamala Harris Is Going Right at Corporate Greed
(newrepublic.com)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 17 Aug 2024
577 points (100.0% liked)
politics
19239 readers
1600 users here now
Welcome to the discussion of US Politics!
Rules:
- Post only links to articles, Title must fairly describe link contents. If your title differs from the site’s, it should only be to add context or be more descriptive. Do not post entire articles in the body or in the comments.
Links must be to the original source, not an aggregator like Google Amp, MSN, or Yahoo.
Example:
- Articles must be relevant to politics. Links must be to quality and original content. Articles should be worth reading. Clickbait, stub articles, and rehosted or stolen content are not allowed. Check your source for Reliability and Bias here.
- Be civil, No violations of TOS. It’s OK to say the subject of an article is behaving like a (pejorative, pejorative). It’s NOT OK to say another USER is (pejorative). Strong language is fine, just not directed at other members. Engage in good-faith and with respect! This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban.
- No memes, trolling, or low-effort comments. Reposts, misinformation, off-topic, trolling, or offensive. Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.
- Vote based on comment quality, not agreement. This community aims to foster discussion; please reward people for putting effort into articulating their viewpoint, even if you disagree with it.
- No hate speech, slurs, celebrating death, advocating violence, or abusive language. This will result in a ban. Usernames containing racist, or inappropriate slurs will be banned without warning
We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.
All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.
That's all the rules!
Civic Links
• Congressional Awards Program
• Library of Congress Legislative Resources
• U.S. House of Representatives
Partnered Communities:
• News
founded 2 years ago
MODERATORS
You're misunderstanding the chart -- that's all inflation-adjusted wages. Cumulative inflation (which, again, was follow-on impacts from Covid, mostly unavoidable although I'm sure Trump didn't help) was around 20% in total. So low-wage income went up 33%, high-wage income went up 24%, and so on, and then about 20 percentage points worth of that got eaten back up by inflation.
Basically the working class exceeded inflation by quite a lot, and everyone at least kept pace with it (2 percentage points above inflation means basically no detectable change).
What groceries are you paying 200% more for? Even for the very highest items like eggs, it's been like 40% increase cumulatively.
The whole problem currently is that it was way the fuck more than 2.5%, and prices from the spike in 2021-2022 haven't gone back down or anything. Here's the chart. The wages chart I showed was inflation-adjusted.
This is only true of you believe inflation figures are an accurate reflection of the cost of living. Most people saw an increase in their rent and groceries of 50-100% since 2019.
Are the people who earned $7 in 2019 making a $10-14 minimum today? Are the people who were on 30k now making 45-60k? If you genuinely believe that, you'll believe anything...
What is your source for this?
(FTFY, hope that helps)
(Also, what happened to the other person who was saying 200%? Is this like a tag team where everyone takes their turn to send one and exactly one message to me, so that the abandonment of the 200% figure can be replaced with other equally incorrect figures in a way that I then have to disprove afresh as if the whole first conversation hadn’t happened?)
I've reported this as misinformation after the discussion in !news@lemmy.world
People who earned $7 in 2019 are currently, on average, making $9.24 - an increase that comfortably exceeded inflation. If you want to say we need to do way more because that amount of income is still a fucking crime, then that sounds good. If you want to say we need to get rid of the team that achieved that $2.24 increase, instead of seeing what they will do with another 4 years and even if the alternative is to bring it back down to $7, then I have some questions