[burntalmonds]

I don't buy it. There's a reality distortion field at work here. If Trump had been in office he would he would have been touting the economy as the greatest in history. And 'average people' would have 'seen that' despite not 'seeing it'.

[light_hue_1]

I don't vote for Trump. I don't know anyone aside from some crazy family members who like him. I'm in an extreme blue state that was called when only a few percent of the vote was in. I don't even know anyone who listens to Trump's speeches or sees this ads.

Every single person I know feels this economy is terrible. Of every age. From new graduates, to senior people. Even the most extreme Obama or Bernie people feel like things are going very badly.

Everyone on campus was consistently outraged when Biden would gloat about his economy.

It's not Trump. I have no idea what his message even is.

This is an own goal. Democrats believed the total bullshit that economists spew about how good things are. When people actually feel how terrible they are.

[lokar]

And trump voters, not understanding inflation, think he will bring down prices.

[usaar333]

I'm in the Bay - am I the only person that thinks the economy is going great?

My wages are up since Biden started. My rent, my biggest expense, has held the same. NW up a lot from stock market gains.

There seems to be a lot of inflation with food ,restaurants and domestic work, but isn't lower wage people getting higher wages a good thing?

[uxp100]

Yes, it’s been good for the rich. Stock market gains do nothing for most people.

I’m skeptical about the vibes based methods of evaluating the economy, I think the economy really is better for the lowest income workers, but forget stock market gains. Also, rents remaining flat might be a Bay Area specific phenomena. Or even SF specific? Don’t know where you live.

[anonymousab]

> but isn't lower wage people getting higher wages a good thing

Their wages did not rise anywhere near commensurate with the increased costs of those goods and services - the same goods and services that those people would be buying

[usaar333]

I don't think that can be true in the Bay. They would have an even higher percent of expenditure to rent, which is flat.

America wide looks at worse flat: https://fred.stlouisfed.org/series/LES1252881600Q (ignoring covid years which distort this)

[frmersdog]

What you're doing now is what people are so angry about. Stop, "But the numbers..."ing, humor people's feelings for a moment, and figure out what would need to be done to lift those spirits. Gaslighting is not a good tack.

[usaar333]

I agree that maybe people need their feelings humored, but how is this gaslighting? I'm not denying that there's food inflation or restaurant inflation - I pointed out that it's a narrow way to look at even your own economic position.

Food might be up 30% in biden's term for all I know. And maybe wages are only up 20%. But as long as rent is 0% and asset growth kept track with inflation (it's blown past it), you are still ahead.

I suspect this is just standard human loss aversion at work. I feel this even from my own wife who looks at our economic position worse than me even though it is the same numbers. What's worsened becomes more important than what's improved, even if rationally, it nets out even.

[vundercind]

Housing’s still shooting up really fast and I guess used cars are just always gonna be expensive now.

[usaar333]

Housing: not in the Bay: https://www.zillow.com/rental-manager/market-trends/mountain...

[0xBDB]

I'm in Texas, in Big Tech. I didn't vote Trump. But I understand.

I'd like to get out of here but can't move because of mortgage rates, among other reasons. I'd like to change jobs but tech layoffs have flooded the job market. It's an anxious time. My 401k is doing great though.

I don't blame Biden for all this. There was absolutely no choice but to pour enough stimulus into the economy to cause massive inflation in order to prevent a revolution during COVID. But if I'm feeling the hangover I'm sure the real working class is staggering.

[themaninthedark]

There was someone upthread that was talking about how unemployment is lowest ever while we have all these layoffs going on. It's kinda surreal.

[eric-hu]

I’m also in tech. I’ve been looking for work for the last several months. Took some time off after my work contract ended last year.

I likely don’t count towards unemployment statistics. I don’t qualify for unemployment since I was a contractor before.

In my current job search, I’ve sent out more applications and had more interviews than the rest of my career. Granted, I found jobs more through connections than cold applying in the past. I’ve been tapping connections in this search too, though. It’s rough out there. I’ve contemplated taking an exit from tech and picking up a trade.

It sure feels surreal to me when I see reports of a strong economy.

[0xBDB]

I believe the unemployment statistics, but I'm not sure what industry is doing all the hiring. I doubt it pays as well as the industries that are shedding people right and left.

[vundercind]

Becoming the refuge-party for fleeing Republican neoliberals (joining the existing Democratic ones) is really gonna cripple the party when the party that popularized (among the political set—voters never liked it) that damn world-view is abandoning it.