The economy is thriving under Biden. So why don’t Americans believe it?
The economy is thriving under Biden. So why don’t Americans believe it?
A new Harris poll for The Guardian found that the majority of Americans believe that the U.S. is in a recession. This is patently untrue.� The U.S. is experiencing an ...
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Wall Street =!= "The Economy"
The article states that most people surveyed said their personal financial situation improved but they still think the economy is bad.
Let that sink in. Most people say they are better off, but most of them still think the economy is bad. They know that they themselves are doing good but think it sucks for everyone else.
In the telephone survey of 1,818 adults Aug. 10-14, 71% of Americans described the economy as either not so good or poor. And 51% said it's getting worse.
But 60% said their financial situation is good or excellent.
Come the fuck on dude. How can you possibly believe that? And who's upvoting all your comments?
Everything you say now is suspect if you can believe that data is representative of most Americans. Not only that, you're parroting the info everywhere like you're confident in the data and knowledgeable on the subject, and yet it's based on fucking phone interviews. What single, working mom do you think answers a random phone number and then is also willing to take an interview about the economy?
Statistically, some working mothers will answer the phone and finish the survey. If the survey was done correctly, and sampling bias and all that is accounted for, 1800 respondents is plenty to get a good representative picture of Americans. Surveys can work very well; even when using non-ideal survey methods.
Anecdotally, this survey seems to align pretty well with the people I know. E.g. people complaining about a pie costing something like 30% more than 5 years ago, while their income doubled or tripled in that same timeframe. Help-wanted signs in my area seem to be advertising wages around 50% more than 2019 as well.
I won't debate your take on phone interviews being representative of any American under 80; I think it's ridiculous
About your anecdote, you're saying you think some people earn double or triple at the same job? Surely not, right? So what about the people that still work at those jobs? How do you think life is going for them?
I don't think anyone I worked with in 2019 has the same job (they were either promoted or switched jobs). For the people working those jobs now, I'm guessing the businesses needed to raise wages to attract new talent, probably more than the ~30% inflation. In regards to family I know that work service or manufacturing jobs, they either switched jobs for higher pay, got promoted, or their union negotiated decent pay increases. Again, I'm guessing most businesses needed to raise their wages to attract workers to replace those that switched jobs; and from the "help wanted" signs I see, it looks like they raised wages more than inflation.