It’s true that inflation outpaced wages, but this was only for a period following Covid. And while everyone pointed out when inflation pulled away, no one seemed to notice when wages bounced back.
Tens of millions of deaths globally will inevitably cause supply chain issues, and no amount of fiscal policy will prevent that scarcity. So people have to pay more for the same value. But things also recovered under Biden to more than compensate for that deficit. Here’s the growth rate of inflation and wages over the past four years:
I would say it’s more like, “Things aren’t as bad as the right would have you believe, and we have actually done a lot to prevent it from being worse.” She didn’t pretend America wasn’t struggling. I remember her talking about the rising costs of groceries frequently, and she advertised the planned first time homeowner tax credit as something intended to make housing more affordable. Trump’s solution was instead deporting a lot of residents working jobs that generated a lot of value relative to their wage, and making pretty much everything more expensive with tarriffs.
It’s true that inflation outpaced wages, but this was only for a period following Covid. And while everyone pointed out when inflation pulled away, no one seemed to notice when wages bounced back.
Tens of millions of deaths globally will inevitably cause supply chain issues, and no amount of fiscal policy will prevent that scarcity. So people have to pay more for the same value. But things also recovered under Biden to more than compensate for that deficit. Here’s the growth rate of inflation and wages over the past four years:
To people literally dying of corporate capitalism, Harris’s mantra was, “Look at these charts, people — everything’s pretty good!”
I would say it’s more like, “Things aren’t as bad as the right would have you believe, and we have actually done a lot to prevent it from being worse.” She didn’t pretend America wasn’t struggling. I remember her talking about the rising costs of groceries frequently, and she advertised the planned first time homeowner tax credit as something intended to make housing more affordable. Trump’s solution was instead deporting a lot of residents working jobs that generated a lot of value relative to their wage, and making pretty much everything more expensive with tarriffs.