That's the thing that always rustles my jimmies. Whenever the lowly ghouls of the media class or economists say "The economy is strong, we even have data to show it. The Kings, Lords, and Barons are wealthy why don't the surfs, slaves, and peasants say otherwise?", I got in to a rage. When you talk about averages and means in a society built on vast inequality, it's really easy for the numbers to skew upward. It's just really disgusting that media try to whitewash the average person's downward trajectory.
Sure, housing and medicine and food are trending towards unaffordable and pay is stagnating and people are postponing expenses which will cost more in the future but the economy is doing great because the people that can afford anything they want can continue to afford it. Pay no heed to the fact that the ratio of those people to everyone else is slowly declining.
This is what they mean when they say the economy is doing great.
That's the thing that always rustles my jimmies. Whenever the lowly ghouls of the media class or economists say "The economy is strong, we even have data to show it. The Kings, Lords, and Barons are wealthy why don't the surfs, slaves, and peasants say otherwise?", I got in to a rage. When you talk about averages and means in a society built on vast inequality, it's really easy for the numbers to skew upward. It's just really disgusting that media try to whitewash the average person's downward trajectory.
Sure, housing and medicine and food are trending towards unaffordable and pay is stagnating and people are postponing expenses which will cost more in the future but the economy is doing great because the people that can afford anything they want can continue to afford it. Pay no heed to the fact that the ratio of those people to everyone else is slowly declining.
yup