Slobs make claims with no research. Bombastic claims to make dumb points.
For the slobs, Americans are better off now.
Wages between 2019 and 2023 have risen in real terms by 1.7%.
As a result, earnings have outpaced increases in prices such that real wages have increased since before the pandemic. Real weekly earnings for the median worker grew 1.7 percent between 2019 and 2023.
The selected date range of 2019 to 2023 is an interesting choice… If you look at January 2021 to present, real wage growth is in fact negative. I believe real wages under the current administration are on trend to cross over into positive territory this year but remain negative as of today.
https://jacobin.com/2023/12/real-wages-joe-biden-administration-economy
I’m not interested in getting into any sort of political spat, but if the point of your post is to refute “slobs” of misunderstanding the strength of our current economy, not all of them may be as innumerate as you seem to suggest. If I’ve wrongly implied some political undertones that your post didn’t intend to suggest, I hope you’ll accept my apology for my misinterpretation.
Either range is essentially useless to draw conclusions from. For a few reasons; One, because it is too short. Two, because it’s better to measure across a few business cycles for accuracy. And three, there was a world-wide shock during that period. You can’t draw conclusions solely during world shocks like world wars, pandemics, etc.
To the larger point, the economy has been doing better since the beginning of 2023 because of money allocated in 2022. This improvement will be ongoing because the money was very wisely allocated.
The slobs do not see it for what it is and want to cut the allocations. The slobs are bombastic which is a shame because ejits need to take a backseat.
We know these bombastic ejits have been pushing supply-side econ for 40 years and all the time have failed the US economy.