LogFAQs > #962707397

red sox 777 posted...

So you're saying that the economy is worse now than it was in 2012? If you really think that, I'm sorry, but you're really detached from reality. The key metric here is how hard it is for people to find a job. In 2012 it was really hard. Now it has gotten to the point where not only is almost everyone who wants a job employed doing something, but wages for low-income jobs are soaring. Moreover, the national savings rate since the start of the pandemic has been really high so people have a money cushion and feel comfortable.

And yes, the economy was already very strong in 2019 (although the savings rate hadn't surged yet then). We reached the lowest unemployment rate since 1969.

I don't know why you are arguing with me though. I am saying that different situations call for different strategies. That should be fairly obvious. If you want to use the same strategy for all situations, don't be surprised if you lose almost all the time.

Wage Growth compared to inflation is at an all time post minimum wage low. The economy is shit for more people than it is good, and it is mostly carried by the top.