Lol people are feeling the recession regardless of what your numbers say.
Since this is a problem of perception the question becomes what do people think the economy would look like if it was doing well? What hasn't changed in their lives that they expected to when the economy started doing better?
We are obviously not currently in a recession but the economy is not great for regular folks, however it has not been since like the 90's.
But we are in recession. I got no money for nothing.
And just wait until AI really gets going...I've been saying this kind of thing for years online and off, and was mostly mocked and dismissed. Of course, there seem to be few politicians that had the foresight to want to do anything about automation, other than silly mantras about "retraining".
As a for instance: I remember trying to tell the maqa types, when they were screaming about coal that the very coal companies they claim care so much about "American jobs" are actively seeking ways to automate the entire thing - all of it.
The GDP says you’re doing fine. Stop complaining that you have to live with you're parents.
This is the best summary I could come up with:
Nearly three in five Americans wrongly believe the US is in an economic recession, and the majority blame the Biden administration, according to a Harris poll conducted exclusively for the Guardian.
But the road to recovery has been bumpy, largely because of inflation and the Federal Reserve raising interest rates to tamp down high prices.
A similar percentage of respondents agreed “it’s difficult to be happy about positive economic news when I feel financially squeezed each month” and that the economy was worse than the media made it out to be.
Another thing that hasn’t changed: views on the economy largely depend on which political party people belong to.
And three-quarters of everyone polled said they support at least one of the key pillars of Bidenomics, which include investments in infrastructure, hi-tech electronics manufacturing, clean-energy facilities and more union jobs.
“What Americans are saying in this data is: ‘Economists may say things are getting better, but we’re not feeling it where I live,’” said John Gerzema, CEO of the Harris Poll.
The original article contains 928 words, the summary contains 171 words. Saved 82%. I'm a bot and I'm open source!
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