So bread can go back to being $.99 a loaf, right?
No economy for poors, remember? We need to sacrifice so the best and brightest can afford another spaceship.
Income growth over the last few years has been the fastest for the poorest.
Thank goodness 78% of Americans are not living paycheck to paycheck. I stand corrected.
https://www.forbes.com/advisor/banking/living-paycheck-to-paycheck-statistics-2024/
Food inflation was only “1%”
Aka prices still went up lol
Rent seeker never lowers the rent… Because that would cut profit margin and we can’t really boycott bread lol
1% (annualized) inflation on food is on the low end of good. It would still be a good number up to around 3%.
only of you are larping “economist” bullshit that they push for their rent seeking owners.
prices should vary based on inputs however we live under the regime where they are set up to go up at a higher rate than the wages.
amazing how prices rarely go down even if inputs costs did like recently. money changer is always in middle to capture any of that efficiency
Remember folks, “the economy” means “rich people’s yachts”.
That’s good news. I mean, it’s better news for some than others. A good economy does seem to benefit some much, much more than others, so it’s especially good news for those who benefit the most. For most of the rest of us, it’s fine news. Like, that’s nice, I guess.
Income growth has been the fastest the poorest.
The first 3 words of you original comment.
The rest is the most wishy-washy “oh yeh, good for some” non-commital nonsense ever.
But yes, wage growth for working class is a fantastic thing
