News
Welcome to the News community!
Rules:
1. Be civil
Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. 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. Do not respond to rule-breaking content; report it and move on.
2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.
Obvious right or left wing sources will be removed at the mods discretion. We have an actively updated blocklist, which you can see here: https://lemmy.world/post/2246130 if you feel like any website is missing, contact the mods. Supporting links can be added in comments or posted seperately but not to the post body.
3. No bots, spam or self-promotion.
Only approved bots, which follow the guidelines for bots set by the instance, are allowed.
4. Post titles should be the same as the article used as source.
Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.
5. Only recent news is allowed.
Posts must be news from the most recent 30 days.
6. All posts must be news articles.
No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.
7. No duplicate posts.
If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.
8. Misinformation is prohibited.
Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.
9. No link shorteners.
The auto mod will contact you if a link shortener is detected, please delete your post if they are right.
10. Don't copy entire article in your post body
For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.
Whenever anyone says "the economy", you can and should mentally substitute it with "rich people's yacht money".
Rich people's yacht money doing well doesn't do shit for 90% of the population. It doesn't pay the rent, put food on the table or clothes on their back. They can't afford to see a doctor or ride the damn bus.
And you want them to be happy because some stockbroker is getting a second holiday in the Maldives this year?
Stupid arrogant fucks.
That's why they say "unemployment being too low is bad for the economy". Low unemployment means higher negotiating power for workers, which means higher wages and better working conditions. The only way that statement makes any sense is if they're exclusively talking about yacht money.
When people say they’re not happy about the economy, this is the shit they’re talking about, not statistics.
Ordinary people get fucked in this economy, and there isn’t any party that can do anything about it.
Politics literally sets the rules. If you can get an elected majority you can certainly do something about it.
the grocery stores and the rest of the capitalist pigs have yet to stop price gouging
Groceries really are the problem. I lived comfortably up until about a year ago. Now the checking account gets pretty low every couple weeks. And that's with decent raises for me and my wife. I don't even care about gas prices except in how they add to the cost of everything that gets shipped. Food prices are killing us.
If "the economy" doesn't translate to the purchasing power of our labor, then it's a useless metric.
it’s about capitalist scum pice gouging the fuck out of people for literally everything. The economy is doing better but we don’t see it directly because we’re still being abused as if the economy hasn’t upturned
But stock market go up! You're welcome!
"We just don't get it, our portfolios are performing so well! I just sit here and rake in money how can the ~~poors~~ people not love this economy!?"
Wages have not kept up with inflation. Why is this so hard for the media to understand?
Wages have shot up like crazy over the past few years. But the FTC has not enforced antitrust regulations over the past 30 years which led to everything being owned by megacorps with no competition - so we're getting the screws turned on us right now. The FTC is finally engaging in some antitrust measures, but it is too little, too late. It's kind of hard to blame that on the current regime.
Shot up like crazy is a weird way to talk about how the federal minimum wage is still $7.25
$15,950 per year with full time employment.
Which is why 37% of people have multiple jobs, which is why unemployment is down, which is why the wealthy/out of touch pretend the economy is fine, which is why people in power ignore the suffering of the working class.
- President George W. Bush to a divorced mother of three. Omaha, Nebraska - February 4, 2004
My wage has certainly gone up. I also can’t seem to go grocery shopping without spending $400 now. Literally everything is more expensive, bills included.
So if I look at my wage as 100%, rent and groceries and bills all take up a larger percentage of that then just five years ago.
Unless there are enforced laws around consumer pricing, every company on the planet is gonna raise prices when wages go up.
Because they’re calling the stock market “the economy” instead of actually looking at the qol of the average American. It’s just more ammo for the government only cares about the rich and corps argument
No, no they aren’t, your comment is simplifying the issues here, not sure if you just don’t know what you’re talking about or what.
Things like record lows for unemployment for example, nothing to do with the stock market. There have been a lot of important wins for Americans.
with that said, the number one reason it hasn’t touched the QoL for the average American is because all of these capitalist pigs refuse to stop price gouging. That is where it hits us, the gas tank the grocery store, etc. they skyrocketed prices while shrinking sizes and all that because fuck you
Open your fucking eyes, the bigger problem is our out of control corporations
Unemployment is a bullshit number. There are a lot of ways you can be uncounted in those numbers.
Not saying I am aware of a better number, or if one even exists.
I don't know either, but it's absolute bullshit. As far as I know, unemployment only counts only those who are looking for work, but can't find it. What about those unemployed, want to be employed, couldn't find a job, and gave up?
Things like record lows for unemployment for example, nothing to do with the stock market. There have been a lot of important wins for Americans.
People are working two and three jobs to get by. And our unemployment figure doesn't count people who have given up looking for work. Saying "unemployment is low" is not the flex you think it is.
Stronger economy for who?
The people selling missiles to Israel
voters no longer want to just see inflation rates fall — rather, they want an outright decline in prices, something that last happened on a large scale during the Great Depression.
“Honestly, I’m kind of mystified by it,” she said.
Why the fuck would anyone be “mystified” by the fact that shit is still way more expensive than it used to be, and we’re still only getting paid what we used to be?
Fucking liberals.
“Things are getting better and people think things are going to get worse ...
Because they are worse ... because many people don't have a well-paying job as a pollster ... and it's expected that the price of groceries will still rise in 2024 ... and rent will still go up ... and fires/droughts/storms/heatwaves will get worse ... and electricity/water bills will still go up ...
It always surprises me when otherwise intelligent people seem to set aside their critical thinking skills.
The problem is that lots of people think Trump will fix all of that rather than make it far worse.
Second, Biden recently started to blame inflation on corporations that hiked prices when they saw an opportunity to improve their profits, bringing more prominence to an argument first used when gasoline prices spiked. The president's argument is suspicious to many economists, yet the intended message to voters is that Biden is fighting for them against those he blames for fueling inflation.
“Let me be clear: Any corporation that is not passing these savings on to the consumers needs to stop their price gouging,” Biden said recently in Pueblo, Colorado. “The American people are tired of being played for suckers.”
Wow. There's no question who's side the reporter is on.
Abcnews shut the fuck up. You republiQan corporate pulp mill fuckers.
“Voters feel horrible about it” fuck you.
Remember kids, 'the economy' means 'rich people's portfolios'.
I swear this is like the 5th "Economy is great but people are suffering for some weird reason" article on this community lmao
And every single time without fail everyone in the comments is showing a big middle finger to these awful pieces lol
it's not his 'fault'.
if you want someone, anyone, to blame, it's the republican clowns in congress and the greedy af CEOs.
Lake said voters no longer want to just see inflation rates fall — rather, they want an outright decline in prices, something that last happened on a large scale during the Great Depression.
“Honestly, I’m kind of mystified by it,” she said.
My dad told me once: "never trust the words that come out after the 'honestly' or before the 'but'."