https://x.com/ylecun/status/1724570628538421444
https://nitter.net/ylecun/status/1724570628538421444
Bruh an hour of labor buys you 8. Not 18. Not 80. Not a bushel. 8 apples.
In what fucking universe are real wages at record highs?
in the universe where their measure of inflation excludes all basic needs
Bruh an hour of labor buys you 8. Not 18. Not 80. Not a bushel. 8 apples.
Whatever, bro. I can steal way more than eight apples in an hour. Sounds like a skills issue.
Guy making $400k per year with millions in stock claims "economy is doing well".
Guy at the head of the world's largest social media company: "You're being brainwashed into not believing me".
These Muslim names are getting out of pocket…
Al-Scientist? Fr?
Have you simpletons not seen the line on chart going up? The qualified adults in the room have told you to reject the evidence of your eyes and ears, so get on it!
That is literally not true. Real wages peaked back in 2020 and have been rapidly declining (the steepest decline in real wage value since the Great Depression, even higher than the 08 recession) ever since. It is this rapid decline more than anything else that is causing people to think 'the economy is bad'.
It feels bad when your work doesn't go as far as it did last year. When your body is breaking down, but you can't seem to make any real progress on saving money. Labor productivity is up, and yet real wages are not commensurate, because real wages have NEVER been corollary with labor productivity, and if anything, when real wages go down, labor productivity goes up because people have to work more to afford basic necessities or even simple luxuries.
Well, check back in 5 years if the USD is still considered "real money".
He's an AI scientist in the sense that he's AI generated... Right?
