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 absolutely agree that it’s weird and it’s not fine right now. All I responded to was the oft-repeated and false claim that they changed the definition of recession, and then attributed that to some conspiracy theory to silence them.
It will absolutely be talked about, but just as likely as how it was a huge win for the fed if the soft landing happens, and that appears more and more likely at this point.
I guess that is fair. 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.
So for them… They are in a recession. My point is that it’s a term that has no solid definition. It’s truly arbitrary to the person who is making the claim and on a global level it might not be happening but in smaller sectors it feels like hell.
But that person did say that they changed the definition when it really just doesn’t have one other than agreed idea of what it should look like. And based on what we all classically think of as a recession this ain’t it. And thinking it’s a conspiracy against us and not just wealth classes being completely unsynced is a bit silly, even if I want them to use their voice to complain.
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.
I absolutely agree that it’s weird and it’s not fine right now. All I responded to was the oft-repeated and false claim that they changed the definition of recession, and then attributed that to some conspiracy theory to silence them.
It will absolutely be talked about, but just as likely as how it was a huge win for the fed if the soft landing happens, and that appears more and more likely at this point.
I guess that is fair. 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.
So for them… They are in a recession. My point is that it’s a term that has no solid definition. It’s truly arbitrary to the person who is making the claim and on a global level it might not be happening but in smaller sectors it feels like hell.
But that person did say that they changed the definition when it really just doesn’t have one other than agreed idea of what it should look like. And based on what we all classically think of as a recession this ain’t it. And thinking it’s a conspiracy against us and not just wealth classes being completely unsynced is a bit silly, even if I want them to use their voice to complain.
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.