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Right on. Glad to know Krugman and his friends in NY are ok. But him pointing at the numbers and saying "I'm right" really just comes across as ignorant. If you're on minimum wage and you can't escape it, then the times are worse than ever. His PhD students are probably in that income range and earn as much as they did 10 years ago, but he got his and probably doesn't even know hardship...
Yes, there are people for whom it's awful. Always has been. But the big question is "did it improve for most people?" — and it seems to have.
It has not. They can't gaslight us into prosperity.
They'll keep trying, and OP will keep helping.
This last year people have seen a cost of living jump across the board because of "inflation".
Have you noticed how many online services offer payment plans on things as cheap as $10? To me that doesn't sound like everything is ok. To me that looks more like people trying to pretend like it's ok while barely getting by.
Yes, inflation happened. And for the bulk of the population, wages went up even more. Doesn't mean that there is no pain, but things actually got better for a lot of folks.
Repeatedly telling that lie will never make it true
That's what I'm saying, it didn't happen. According to public records many companies that provide necessary items like food and diapers blamed inflation on price increases while their product costs dropped, making TONs of money off the common American.
Robert Reich talks about Huggies in particular
The stats literally show that prices went up but wages went up more.
There are specific subgroups for whom that has not happened. But for the population as a whole, it did
I'd have to see your stats because I don't believe that statement on it's face.
https://fred.stlouisfed.org/series/LES1252881600Q
Note that layoffs during the pandemic disproportionately affected low income workers resulting in a spike in apparent wages