mozz

joined 2 years ago
[–] mozz@mbin.grits.dev 49 points 2 years ago (7 children)
[–] mozz@mbin.grits.dev 1 points 2 years ago

This is the essential flaw in having the whole system designed and operated by people whose specialty is extracting the labor value from other people's effort, and skittering away with it like an 1800s movie villain with a big sack of money with a "$" on it.

😢

[–] mozz@mbin.grits.dev 4 points 2 years ago* (last edited 2 years ago) (2 children)

Okay, let me be a little more complete since "inflation adjusted" seems to be confusing and I feel like maybe you're not the only one.

Per capita income, current dollars:

  • 2019: $55,311
  • 2020: $53,811
  • 2021: $59,905
  • 2022: $64,984

Now that's not a fair comparison, because exactly in 2022 was when post-Covid and supply chain and corporate greed fueled inflation to its peak. So, what we do is correct it down to constant dollars, which gives us inflation adjusted income in constant 2015 dollars:

  • 2019: $52,070
  • 2020: $50,024
  • 2021: $53,417
  • 2022: $54,274

... i.e. even after accounting for the factor you're claiming means we're making less, we're making more.

Income for the top 10% of wage earners actually went down by about 5% from 2020 to 2022, and income at the bottom tiers (again inflation adjusted) actually went up by enough to counterbalance it and result still was a net gain.

[–] mozz@mbin.grits.dev 4 points 2 years ago* (last edited 2 years ago)

Canada hasn't been sending any arms to Israel; the sum total impact of this is a handful (like literally, one order) of civilian trucks and night-vision goggles or something that the IDF isn't going to get anymore.

It is still a nice gesture and the pro-Israeli-government people are rewardingly up in arms about how they could possibly be so openly disrespectful and anti-Semitic as to do this.

[–] mozz@mbin.grits.dev 18 points 2 years ago

Good spot! It should have been $144 billion in student loan forgiveness, he just did another 6 billion. I corrected it.

[–] mozz@mbin.grits.dev 2 points 2 years ago* (last edited 2 years ago) (10 children)
  1. That's their old site, they have a new one that works better now.
  2. I'm not completely sure, but that looks to me like those are two different ways of measuring average income per person who's already full-time employed. Reducing unemployment won't have an impact on that number, nor will getting someone from a barely-scraping part time position into a higher-paying full time position (in fact the latter will actually bring that metric down, if the new position makes less than like $70k in 2024 dollars).

I think what you want to look at is something like Per capita income, inflation adjusted on the new site. It shows (in constant 2015 dollars):

  • 2019: $52,070
  • 2020: $50,024 (Covid takes wages down even with stimulus)
  • 2021: $53,417 (+6.7%)
  • 2022: $54,274 (+1.6%)

So, substantial growth of income overall, even after adjusting for cost of living. I don't know if those are the exact numbers BI used (seems like not) or what the numbers after 2022 look like, but this so far seems very consistent to me with the economic outlook getting better for people at the bottom, back to and better than pre-Covid, and offset partially but not completely by some wage loss for the people at the top. If you can find some more recent ones or ones that tell a different story, I'd be happy to look at them though.

[–] mozz@mbin.grits.dev 8 points 2 years ago* (last edited 2 years ago) (1 children)

They should ask TwoRandom_english_words_username whether that particular person is spending more at the grocery store than they were in 2019.

That seems to be the metric, a lot of people feel very strongly about it

[–] mozz@mbin.grits.dev 20 points 2 years ago (1 children)

He was just (as he claimed in his defense) trying to test the system.

Whaddya know, the system works, and even 3 ballots' worth of deliberate fraud can be detected and will send you to prison. I know! I'm as shocked as you are.

[–] mozz@mbin.grits.dev 7 points 2 years ago* (last edited 2 years ago) (4 children)

It's actually the total opposite of that. Inflation-adjusted income is falling for the top 10%, while it's rising for enough of the lowest-wage earners to boost the overall average picture to inflation-adjusted wage growth every single year, even during monster inflation caused by Covid + supply chain issues + corporate greed.

[–] mozz@mbin.grits.dev 4 points 2 years ago

Those are not mutually exclusive statements.

I can believe in giving fair criticism of Biden, while believing also that the absolute tsunami of total bullshit criticism that comes in a very particular style of interaction that's markedly different from organic comments, is probably exactly what it seems like it is.

I don't think I ever accused any specific person of being specifically Russian, but yes I believe that most of the drumbeat of Biden-is-bad-for-this-made-up-reason-no-I-will-take-no-questions comments represent an organized shilling effort.

[–] mozz@mbin.grits.dev 9 points 2 years ago* (last edited 2 years ago)

consistently shat all over workers just like threating the rail workers if they kept up the protest for better work conditions

Oh, good point, I forgot one:

  • There were 458,900 workers involved in work stoppages in 2023, notably including the even-more-unprecedented-than-the-rail-strike motion picture strike and the autoworkers strike. You can believe, if you want to, that Biden is anti-union and he just pure overlooked his responsibility to shut down the 458,900 people who did work stoppages in 2023. Personally my feeling is that he shut down the rail strike because it would have a big impact on the rest of the economy, then his labor department kept working the issue and got the workers the sick days they were fighting for in the first place by having the strike.
[–] mozz@mbin.grits.dev 9 points 2 years ago (1 children)

Meta is trying to interconnect with every Fediverse app; Threads isn't specific to Mastodon. Mastodon is just shorthand for the fediverse as a whole since it's the dominant platform.

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