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JuliusErrrrrring t1_j1fxbdg wrote

Reply to comment by ColeBane in Content from sources with a right-leaning ideological slant gain more visibility on Twitter, an advantage in the attention economy that social media creates by marketrent

Just take a step back and realize how bad everyone thinks the economy is, when the following is 100% true: 1. there are more people currently employed than at any point in U.S. history 2. wages are higher than at any point in U.S. history 3. GDP is at the highest point in U.S. history 4. about 11 million jobs have been added to the economy in the last 21 months

The media, especially the business and economic media is certainly without a doubt biased - but it's biased in favor of the right wing. Now that inflation is easing they will most certainly switch their narrative to push some new negative narrative while continuing to bury all the positive news.

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rddman t1_j1hlleq wrote

> the following is 100% true: 1. there are more people currently employed than at any point in U.S. history 2. wages are higher than at any point in U.S. history 3. GDP is at the highest point in U.S. history 4. about 11 million jobs have been added to the economy in the last 21 months

100% true but also incomplete: cost of living is higher than ever.

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JuliusErrrrrring t1_j1insbx wrote

That’s exactly my point. My point is the reporting is incomplete. Inflation and cost of living has been the only story for over a year. Everything I just said-which is why inflation is so high, has been ignored due to political bias in reporting.

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rddman t1_j1j23w9 wrote

> Inflation and cost of living has been the only story for over a year. Everything I just said-which is why inflation is so high

Everything you said has been true more than a year ago, while inflation and cost of living were not as high as they have been for the past year. So it does not follow that the things you mentioned are the cause of high inflation.

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JuliusErrrrrring t1_j1j8jch wrote

That's an odd take. You think record wages, record employment, record GDP - thus record spending don't contribute to inflation? More than 11 million people working and spending more than 20 months ago doesn't contribute to inflation? You think inflation is only due to supply issues and demand plays no role?

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