The Biden Administration’s robust and durable track record on jobs and unemployment is breaking records, putting up some of the best results we’ve seen in half a century.
The Biden Administration’s robust and durable track record on jobs and unemployment is breaking records, putting up some of the best results we’ve seen in half a century.
Because jobs numbers are meaningless stats to reflect the state of the economy. Doesn’t matter if unemployment is at 0% if wages are stagnant and a person can’t live off it
Wages aren’t stagnant
People still can’t live off them, they are stagnant.
That’s not what that word means.
Stagnant refers to something that is not moving, moving slowly, declining. Which perfectly describes wages.
Wages are neither still nor declining. They are increasing.
Until people can live in those wages it’s irrelevant.
Wage increases are relevant to almost everyone.
In fact, if a wage increase is not relevant to you then you are quite privileged.
Privileged is settling for table scraps and calling it good.