Perceptions are worse than 2008-2011 but the economy's doing better than ever somehow. The economy has now become completely decoupled from the average person's experience.
I mean over here people had turn the heating to a minimum because of insane costs but we get news articles about energy companies having the best year ever, adjusting their profit goals upwards. Same for supermarkets while there has never been this much people in food insecurity in the country.
By all means the economy is doing good. Companies are raking in record profits. But ask the average person in the street how their finances have changed in the last two years and you'll have a very different answer.
Yeah I feel like a medieval serf hearing about how the baron's firstborn succeeded in opening up a new mine. Great for the baron and his coffers, but I'm probably getting sent to the mines.
That's how I feel when I hear "good" economic news these days.
Perceptions are worse than 2008-2011 but the economy's doing better than ever somehow. The economy has now become completely decoupled from the average person's experience.
I mean over here people had turn the heating to a minimum because of insane costs but we get news articles about energy companies having the best year ever, adjusting their profit goals upwards. Same for supermarkets while there has never been this much people in food insecurity in the country.
By all means the economy is doing good. Companies are raking in record profits. But ask the average person in the street how their finances have changed in the last two years and you'll have a very different answer.
Yeah I feel like a medieval serf hearing about how the baron's firstborn succeeded in opening up a new mine. Great for the baron and his coffers, but I'm probably getting sent to the mines.
That's how I feel when I hear "good" economic news these days.
Believe it or not, that’s always been the case.
Line goes up: the rich make money.
Line goes down: poor people lose money.
*Line goes up: poor people lose money.