Mildly Infuriating
Home to all things "Mildly Infuriating" Not infuriating, not enraging. Mildly Infuriating. All posts should reflect that.
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It's just good to get something in this website for casual viewing whilst refreshing original content is added overtime.
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The issue isn't the prices. It's that the prices go up but income doesn't. Get out the pitchforks, but let's go after the real villains.
Your income maybe didn't go up, but this isn't true in general
Curious what shift there has been in full time/part time numbers. Full time wages going up is great for those who are experiencing it, but if there are less actual full timers, is that an improvement?
The art of a good statistician is to make sure what their numbers are saying is an actual reflection of reality. I'm not saying this graph is falsified, I don't know. But numbers can be made to say anything. I learned this years ago in arguments about what "unemployment" meant. It's much more complex than a single number, but a single number is used in the media because it's easier to paint the picture wanted.
More full time jobs
Yes, definitely increased some. Where's the rest of the data, such as part time or unemployed, or even population growth? Like I said, a single number means not so much without context. But it's an impressive graph.
Unemployment is very low
Not really an improvement from 2019, but basically has been around that 4% value for a while
In fact, president Biden noted "unemployment has been at or below 4% for 30 months—the longest stretch in 50 years."
Yes, there is a low unemployment number. As with the rest, you haven't validated that it's a good measure of the current state of things. It's arguably never been.
But itself, maybe not