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[–] [S] 11 points 2 years ago (2 children)

I can say for myself, I'm certainly not apathetic towards progress.

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  • [–] 11 points 2 years ago (2 children)

    But is it really progress, or did the price of everything jack up an it has come down just a bit because companys are finally getting the blowback they deserve as consumers reduce spending?

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  • [–] [S] 9 points 2 years ago* (1 child)

    Yes, that's progress.

    Consumer price index falls 0.1% in June

    CPI increases 3.0% year-on-year

    Core CPI gains 0.1%; rises 3.3% year-on-year

    Weekly jobless claims fall 17,000 to 222,000

    Continuing claims decline 4,000 to 1.852 million

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  • [–] 2 points 2 years ago (1 child)

    While that is a better trajectory, I do kind of have the mildly pessimistic view that a large part of the costs of good going down isn't truly a positive sign for inflation, but the market forcing prices down due to decreased spending. I'm luckily in a decent position financially (my bills are paid, rent, while not cheap, is paid on time), but the cost of pretty much everything has become so much higher with not much of an increase in earning. If the minimum wage were forced up it would probably help, but idk, every person I've talked (in person) about the issue with is pretty negative about the issue.

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  • [–] [S] 0 points 2 years ago*

    Minimum wage has seen positive movement in 2024, granted not everywhere. And a federal would definitely help.

    https://www.epi.org/blog/twenty-two-states-will-increase-their-minimum-wages-on-january-1-raising-pay-for-nearly-10-million-workers/

    On January 1, 22 states will increase their minimum wages, raising pay for an estimated 9.9 million workers. In total, workers will receive $6.95 billion in additional wages from state minimum wage increases. In addition, 38 cities and counties will increase their minimum wages on January 1 above their state’s wage floors, adding to the number of workers likely to see increased earnings. In the absence of federal action, states and localities continue to take the lead in advancing fairer wage floors via legislation, ballot measures, and automatic inflation adjustments.

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  • [–] 2 points 2 years ago (1 child)

    Well, congratulations on the good news, I suppose.

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  • [–] [S] 1 point 2 years ago (1 child)

    If you're in the US, congrats yourself.

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  • [–] 5 points 2 years ago* (1 child)

    Don't get me wrong, if these numbers are indicators that some people are going to experience less stress and that they will be less overwhelmed or that they will be made to feel more secure in their financial situation, I do think that is objectively a good thing and I'm happy for those people. It's just that these numbers don't make me feel any better about the economy or my personal financial situation. Maybe I should feel better, but I don't. I generally feel pessimistic, and these numbers don't change that.

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