Dan GillmorApr 30, 2023

The US economy is performing amazingly well, but as Bloomberg's Matthew Winkler notes, the public overall doesn't realize that. Why?

He alludes to the key reason for the public's lack of understanding, but doesn't make clear what it is, so allow me to be clear that "media narrative" doesn't explain who's primarily at fault.

The culprit is Big Journalism, again utterly failing to do its job.

https://www.bloomberg.com/opinion/articles/2023-04-25/biden-s-economy-deserves-more-appreciation-from-americans

The Truth About the Biden Economy

As the president launches his reelection campaign, his biggest challenge may be getting voters to ignore perception and focus on reality.

Bloomberg
Show threadSharon Machlis
@dangillmor People care about their pay. Data like GDP and employment levels are only useful to answer the question “How good is the economy *for the average voter*?” if *distribution of $$ rewards to an average worker is tied to those numbers.*
That connection has weakened.
Investors (and top execs) are reaping the vast majority of benefits from GDP growth.
Source https://www.opportunityinstitute.org/research/post/economic-update-workers-wages-and-corporate-profits/
May 1, 2023 at 12:10pmWeb