this post was submitted on 13 Aug 2024
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The problem is that the economy doesn't work for everyone the same way. Looking at a single column employment measurement number and how the stock market players are doing gives one picture, while (if) they looked at how many people are working several jobs, earning inflation-adjusted less pay and paying more for basics, and putting bills on credit they'd see a totally different view. That the latter is far greater in number and yet we're "fine" suggests that the experts are either idiots, or that they know it's there but they don't want to change how the top is running since it's "great".