With unemployment low and wages rising, the struggle for basic necessities like food should be easing. But those on the front lines of feeding the hungry say they are seeing the opposite.
I’m just not that against it when people think it feels like a recession to them. The brunt of this soft landing is not even. It really does feel like it for a lot of lower class people being laid off or struggling to find work. I know of whole warehouses that have closed up in the last year or 2.
This is the problem tho, it’s all anecdotal. Recessions aren’t individual things, because there are always going to be losers in any economy. Unemployment is at all time lows. Wage growth is beating inflation (and some of the biggest beneficiaries of this have been low wage workers). Inflation back down near desired levels. There’s tons of reason to be optimistic about the state of the economy. Don’t get me wrong, there is a long way to go to make up for what was lost over the pandemic and the subsequent inflationary period, but economic outlook looks good now.
The doom and gloom is being amplified by Republicans in an attempt to hurt Biden’s chances of re-election. I wish people wouldn’t repeat their lies and help Trump get elected at the same time.
My point is that it’s a term that has no solid definition.
The world is a complicated place. The fact that one can’t precisely define something and there is a grey zone doesn’t make any claim, even those that fall clearly outside of that grey zone, valid. “It’s complicated, so any opinion is valid” is just not something we should get behind, as it justifies all kind of nonsense, like climate-change denial.
This is the problem tho, it’s all anecdotal. Recessions aren’t individual things, because there are always going to be losers in any economy. Unemployment is at all time lows. Wage growth is beating inflation (and some of the biggest beneficiaries of this have been low wage workers). Inflation back down near desired levels. There’s tons of reason to be optimistic about the state of the economy. Don’t get me wrong, there is a long way to go to make up for what was lost over the pandemic and the subsequent inflationary period, but economic outlook looks good now.
The doom and gloom is being amplified by Republicans in an attempt to hurt Biden’s chances of re-election. I wish people wouldn’t repeat their lies and help Trump get elected at the same time.
The world is a complicated place. The fact that one can’t precisely define something and there is a grey zone doesn’t make any claim, even those that fall clearly outside of that grey zone, valid. “It’s complicated, so any opinion is valid” is just not something we should get behind, as it justifies all kind of nonsense, like climate-change denial.