Myth: “The economy is simply bad under the Biden administration”

These are the economic facts that Fox News and the like aren't telling your parents, relatives or right-leaning wannabe brownshirts/citizens. Armed with these, you are prepared to disabuse and educate those whose beliefs are delusional and set the stage for authoritarianism and fascism! Will they thank you? Probably not, their fantasy version of reality both scares them and makes them feel comfortable, strangely enough!

If you must argue about the economy over Thanksgiving dinner, at least get the facts right

Economic Policy Institute https://www.epi.org/blog/if-you-must-argue-about-the-economy-over-thanksgiving-dinner-at-least-get-the-facts-right/

#FoxLies
#RightWingPropoganda

"Myth: “The economy is simply bad under the Biden administration”
In January 2020, the share of Americans saying that the U.S. economy was in “poor” shape was below 10%, but in recent months that share was above 40%. However, the unemployment rate in early 2020 and the middle of 2023 was essentially identical. The share of adults between the ages of 25 and 54 with a job was actually higher in the more recent period. Economic growth in the last quarter of 2019 was 2.6%, while it was 4.9% in the third quarter of 2023. The economy is growing (at least) as fast as it was pre-pandemic, and jobs are more plentiful.

This higher-pressure labor market has substantially eroded inequality in wages. Consider one metric of inequality—the ratio of the 90th-percentile wage (the wage earned by the worker who has higher pay than 90% of the workforce) to the 10th-percentile wage. Between 1980 and 2019, this ratio rose enormously by about 34%. But a full third of this 39-year increase has been erased in less than three years after 2019 because of rapid growth in pay for low-wage workers, which has not been a historical norm. If this inequality reduction sticks, it could well be the single most important development in the economy in decades."