@voron But people are hiring and wages are, grudgingly, going up (but not enough to keep up with inflation in key areas, as you mention).
Given the House just barely passed their debt limit hostage bill, we now have a great opportunity to see what the other side would have us do to 'help' working people instead.
The debt limit is _really_ going to give the mass media a chance to fail spectacularly!
@dangillmor

@BrentInMasto @dangillmor I’m not so sure that’s accurate. There was just a recent very large study where 50% of the HR respondents stated that they listed jobs they had no intention of filling. They listed them to placate workers they were over working or to make it appear their company was growing to attract investors.
I truly believe our metrics are screwed. Anecdotally no one I know has had increased pay and many have been laid off & can’t find work 🤷‍♂️

@voron The tech sector is certainly working hard to lock in obscene profits for the bosses! That said, I work for small tech co and we are hiring and I got a 4% pay bump for the year.
I expect most of the job growth is in the service sector, replacing pandemic related loses, but I am hopeful we will see more growth in manufacturing as the IRA spending starts kicking in.
Workers are still getting shafted, but looking at the global economy, the US is doing better than most.
@dangillmor

@dangillmor @BrentInMasto Those who make up the 60% of the lowest end of earners are getting creamed because of food, housing & credit costs as well as delayed utilities from Covid elimination of snap & healthcare etc.
No amount of statistics is going to convince them the economy is great

@voron No argument here! Brings us back to the amazing job things like the child tax credit did for lifting children out of poverty. I firmly believe that the best thing we could do for the economy is pump more free money into the hands of those that will spend it immediately (even if half the fools will rush out to buy more guns).
But inflation! Bah, inflation isn't being caused by too much money in the economy, but by monopolies taking the opportunity to jack up their profits.
@dangillmor

@BrentInMasto @dangillmor We got in this mess when there was a massive slashing of taxes on the wealthy in many forms, huge increases in military & law enforcement spending along with deregulation.
☝️ none of that has changed.
- make stock buy backs illegal again
- increase the top tax bracket by 30% again
- reduce military & law enforcement spending by at least 25% each
☝️
That would only start to put us sort of back to pre Reagan.
This fiddling around the edges no