Progressives in 2019: I’d pay higher prices if workers got paid more Progressives in 2024: umm cheaper McChickens plz??? I want my 89 cent beefy burrito!!!
Progressives in 2019: I’d pay higher prices if workers got paid more Progressives in 2024: umm cheaper McChickens plz??? I want my 89 cent beefy burrito!!!
I think part of the problem here is that the people who make TikToks and memes about beefy 5-layer burritos felt certain they were the long-suffering working class who’d be benefiting from higher wages, and, ah, that turned out not to be the case
@whstancil That is unfortunately an incredibly wrong-headed position to take. The inflation we've been experiencing has moved faster than wage growth. Many poor and middle class people have less spending power now than they did in 2019.
@BlkBeardedFella @whstancil Poor people especially have more spending power than 2019.
@BlkBeardedFella @whstancil No they don’t. We can literally see their bank accounts. 40% higher than early 2020, and now paychecks after tax are starting to curl upward again.
@BlkBeardedFella @whstancil Testable claim, please provide numerical evidence
@BlkBeardedFella @whstancil inflation has not increased faster than wages, no. that's precisely what "positive" (and high) "real wage growth", which we are having now, means.
@BlkBeardedFella @whstancil The lower you are in the income distribution, the more your purchasing power has increased