• cygnus@lemmy.ca
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    4 months ago

    If 99 homeless people and Elon Musk are in a room, the average net worth of every person in the room is 2 billion dollars. Why aren’t all 100 happy about that?

  • xmunk@sh.itjust.works
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    4 months ago

    That’s because it is… the economy may be growing on paper but the portion of it most people have access to is constantly shrinking.

    • scaredoftrumpwinning@lemmy.world
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      4 months ago

      My company said our benefit change at the start of the year and our yearly living increases would surprise us. I was happy when I saw my pay go up by more than 200. I later found out they weren’t deducting my benefits and my overall pay went down compared to last year. I guess I miss understood surprise.

  • Karyoplasma@discuss.tchncs.de
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    4 months ago

    Yeah, people should be grateful everything is expensive as fuck and the planet is burning while the c-suites get more money than ever. A real accomplishment this good economy.

    How does this “economic growth” benefit me? That’s right, it does not.

  • dhork@lemmy.world
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    4 months ago

    That’s because the recovery is very uneven. Not everyone is better off than they were pre-pandemic, but everyone is paying the higher prices.

  • seaQueue@lemmy.world
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    4 months ago

    Despite rich people’s money growth, 70% of Americans believe the economy is getting worse

    Fixed the title for you

  • CarbonAlpine@lemmy.world
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    4 months ago

    All I think of when I read titles like this is that older meme that said switch “economy” with billionaires yacht money.

    Despite billionaires yacht money growth, 70% of Americans believe the economy is getting worse.

    • seaQueue@lemmy.world
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      4 months ago

      Almost all of our primary economic indicators have been juiced to hell and back so that “the economy” looks great on paper. In reality wages suck, inflation sucks, health care, energy and rent costs suck and the bottom 90% are growing ever poorer. But hey, our economic indicators look great so open some more champagne!

    • hissing meerkat@sh.itjust.works
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      4 months ago

      10s of thousands of nothing. Hundreds of thousands isn’t even enough that “economic growth” at the expense of increased costs and greater inequity would be a net benefit.

  • Media Bias Fact Checker@lemmy.worldB
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    4 months ago
    Washington's Top News (WTOP) Media Bias Fact Check Credibility: [High] (Click to view Full Report)

    Name: Washington’s Top News (WTOP) Bias: Least Biased
    Factual Reporting: High
    Country: United States of America
    Full Report: https://mediabiasfactcheck.com/washingtons-top-news-wtop/

    Check the bias and credibility of this article on Ground.News


    Thanks to Media Bias Fact Check for their access to the API.
    Please consider supporting them by donating.

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