- cross-posted to:
- [email protected]
- cross-posted to:
- [email protected]
“No you see, idiot, uneducated worker, the economy is doing great actually. Now go back to the your 3rd job’s shift to barely make ends meet.”
“No you see, idiot, uneducated worker, the economy is doing great actually. Now go back to the your 3rd job’s shift to barely make ends meet.”
Measured by who? Predatory western sociologists-that-wish-they-were-mathematicians whose predictions hold less merit than a meteorologist’s when he’s three Adios Motherfuckers in? If you still take these banker-priests seriously, that’s on you; but what I know is my pension definitely doesn’t go as far as it used to even five years ago.
If the economy didn’t suck, I wouldn’t have had to move in with some homies of mine, and I’d still be blissfully on my ones; but no, the economists gotta oversee an unending transfer of wealth until we’re all inescapably wage-slave’d so now I gotta live like I’m in fucking college again.
The problem is that the economy doesn’t work for everyone the same way. Looking at a single column employment measurement number and how the stock market players are doing gives one picture, while (if) they looked at how many people are working several jobs, earning inflation-adjusted less pay and paying more for basics, and putting bills on credit they’d see a totally different view. That the latter is far greater in number and yet we’re “fine” suggests that the experts are either idiots, or that they know it’s there but they don’t want to change how the top is running since it’s “great”.
The first problem with what you’re saying is that you think a recession is some kind of prediction. It’s not. It’s a measurement of the prior 2 quarters. By definition, it can only be declared for time that already passed.
The second problem with what you’re saying is that you think it is a measurement of quality of life, cost of living, or wages. It’s not. By definition, it’s a measurement of GDP.
I’m not trying to say that I think the economy is good or that people feel good about it. Those are things that have words to describe them, but not the word “recession”. By understanding the terminology and using the right words, we can all be on the same page and solve problems.
Thank you.
The group who have defined an event with intent and required specifications are telling us, by definition, the event isn’t happening. ‘When the rate of water falling from the sky exceeds two inches per hours, it is flooding.’
The public are saying something is happening and stealing a word from the first group and telling them they’re wrong. ‘It’s below 30 degrees out and this white stuff falling from the sky is accumulating. It’s flooding!’
The public is also attempting to argue that if the defined event is not taking place, the word used to describe the event is more than sufficient to define their event while they’re placing blame upon the first group for allowing the event to take place.