rigatti

Except that wage growth, from what I’m seeing, has kept up with inflation. If you find me numbers to say otherwise, I’ll believe you. Until then you’re just stating how you and others feel. My point this whole time is that the feeling doesn’t match up with the numbers.

I get that companies have been price gouging, I get that Democrats needed to push for more policies that make people feel better economically, or at least say dumb lies that make people feel better like Trump does.

If by small you mean 0.00000000000001%.

I do realize that. Wage growth is also cumulative, and wages have caught up to balance out the current higher prices: https://www.bankrate.com/banking/federal-reserve/wage-to-inflation-index/#the-job-market-has-cooled-more-than-expected-this-year

That’s only one source from a quick Google, and I assume they’re average numbers, so some people will have less purchasing power than pre-2020.

I assumed I could have a discussion on Lemmy about the very clear difference between two words without getting attacked for it, but I guess not.

I also don’t agree that the word inflation has colloquially changed meaning, I think people just are not aware that inflation is normal now. They look at the current prices due to the period of previous inflation and are angry about it.

Especially when next to Walz who is, I think, a year younger.

Now seems like exactly not the time to pause, but ok, Jack.

Not discounting anything you wrote here, but it still entertains me when people call the 60 year old Kamala Harris young.

I’ve never claimed to be a centrist. Very far from it. Grocery prices went up, yes. Grocery prices are now going up at a normal rate. That’s all I’m saying here and people are losing their minds.

Good luck. What field are you in?

I’m not an economist, but from what I’ve heard in the past, 2% is basically ideal. Price deflation or inflation that’s too low can indicate problems with the economy. Maybe this situation is different since we had really high inflation a couple years ago. But either way, I think it’s unlikely that prices will drop. Kamala needed to promise super low taxes on the working class or something to make up for it.

Kind of needlessly aggressive. Why does having an opinion and stating literal facts make it propaganda? That’s not really a word we want to cheapen with a fascist regime incoming.

There was a two year spike. If you look at the graph in the link I posted, you would see that prices have been mostly going up as normal for almost two years now. When are people going to adjust to their mindset to the current prices?

Thanks for your condolences, SquatDingloid. Your contribution to this conversation has done wonders for the world.

Are they goldfish with minds that reset every four years?

I agree! Her messaging was terrible, and she didn’t know how to counter the “TRUMP LOW PRICES // KAMALA HIGH PRICES” ads.

Fear not, I already am.

You jest, but seriously, inflation is not that hard to understand. You apparently have a very low threshold for calling something pedantic.

How basic of terms should we give up on? Inflation is not a difficult concept. I would barely call it a technical term.

It’s not pedantic. People just literally don’t understand what inflation means. Wage growth, apparently, has caught up to inflation, so it’s really just that people haven’t adjusted their mindset to the higher prices now. And they’re angry about it.

Food prices are a component of CPI. Food inflation is also around 2%, which is like the ideal inflation rate: https://www.usinflationcalculator.com/inflation/food-inflation-in-the-united-states/

Note that it was out of control a couple years ago, which is why prices went way up. I haven’t looked at the statistics, but what I have heard is that wage growth, generally, has caught up to inflation, which includes food prices. This is still a feels over reals situation. People feel that their food is too expensive, and Republicans are way better at addressing the feels. One of my favorite signs around the neighborhood said “TRUMP LOW PRICES || KAMALA HIGH PRICES”. Like, yeah, that definitely makes sense. Well explained.