Degrowth is supposed to make 90% of people better off - and top 5% sharing their wealth. Remaining 5% staying more or less the same.

Dirty Boy@dirtyboy69.bsky.social · 2w ago

If one actually believes that wages went up, and doesn't understand that they did not go up despite the actual numbers increasing, already a lost cause.

Dirty Boy@dirtyboy69.bsky.social · 2w ago

That I doubt. Because that hasn't been happening outside of the USA, so it for sure didn't happen in the USA. And overall speaking, wages are on a steady decline since at least the early 2000s at least everywhere in the so called Western world.

steviebaby🫡@steviebaby.bsky.social · 3mo ago

anyway as someone who actually is an economist unlike sky who is just mad at leftists and wants to settle scores - vibecession is a lie told by biden consultants who want to normalize the democratic party doing nothing to help poor people after 2024. people were mad about rising interest rates.

@destinationrights.bsky.social · 3mo ago

Trump implemented neoliberal economics. That's obvious. I hate that even the educated like Will will misuse the words technocracy and technocratic frequently. Some of you genuinely don't know there are zero technocracies in the world and some of you support an actual technocracy.

George Pearkes@peark.es · 4mo ago

oh my god what?!! *ALPHABET REPORTS PROPOSED $80B EQUITY CAPITAL RAISE

Aaron Rupar@atrupar.com · 4mo ago

BREAM: The Bureau of Labor Statistics says inflation is now outpacing wage growth. How do you answer that concern? HASSETT: That's a technical matter. Personal income includes things like transfers and food stamps that we have been reducing as part of our effort to make government leaner and meaner

Shamrock@shamrock42.bsky.social · 4mo ago

I don't know anything abou the specific data sets being cited, but I do know math. It is absolutely possible for both claims to be true, i.e., the median could be $8k, and the majority of values in the data set are below $1k. Happens routinely in skewed distributions.

Kevin J. Kircher@kevinjkircher.com · 5mo ago

What kills me about degrowth messaging is that people hear "degrowth" and think their personal bank account is going to shrink. In reality, due to our society's insane inequality, redistribution can make almost everyone *much much richer* regardless of whether overall GDP goes up or down.

George Pearkes@peark.es · 5mo ago

POWELL STAYING ON AS GOVERNOR AFTER CHAIR TERM ENDS

Aaron Rupar@atrupar.com · 6mo ago

ELIZABETH WARREN: Did Donald Trump lose the 2020 election? KEVIN WARSH: Uhm, we try to keep politics if I'm confirmed out of the Federal Reserve WARREN: I'm just asking a factual question WARSH: I believe this body certified the election WARREN: That's not the question I'm asking

Aaron Rupar@atrupar.com · 6mo ago

Hassett: "Imagine if oil prices start going back down because the situation resolves itself somehow, they you could be looking at an inflation close to zero. That's something the Fed needs to pay attention to."

George Pearkes@peark.es · 6mo ago

uh *HASSETT: HORMUZ CAN BE OPENED WITHIN TWO MONTHS

Sky Marchini@sky.skymarchini.net · 6mo ago

"the party told you to deny the evidence of your eyes and ears. it was their final, most essential command" - orwell, 1984

Shishiqiushi@shishiqiushi.bsky.social · 6mo ago

Just have the US declare bankruptcy for no reason

Delanie@delrex.bsky.social · 6mo ago

Incredible take. You clearly think minimum wage means "the minimum I can get away with paying someone legally." The poverty level here for a single person is $138k but you're outraged someone working full time makes $40k? That oligarch's never gonna fuck you bro no matter how much you lick his boot.

Sharon 🪳🌹@sharonk.bsky.social · 12mo ago

Gross Domestic Pain

derek guy@dieworkwear.bsky.social · 12mo ago

About a month ago, the Trump administration got rid of the de minimis exemption, whereby packages valued under $800 could slide in without import duties. Now there's a backlog as the government can't process all of this paperwork, leading to UPS just destroying packages

lauren@lauren.rotatingsandwiches.com · 12mo ago

this is like half of r/ups now

Adam Rose@adamrose.bsky.social · 12mo ago

How bad are tariffs going? I paid for $32 of shaving cream from Canada. Unique stuff I’ve used for years, nothing like it in US. Small family business. UPS guy came to my door today with box and said I have to pay additional $120 before he can hand it to me. That makes it 5x more expensive!!! 🤯

FinTwitter@fintwitter.bsky.social · last yr.

FED'S MIRAN: REMOVAL OF MIGRANTS WILL HAVE DISINFLATIONARY IMPACT

Forbes@forbes.com · last yr.

The de minimis exemption, which allowed imported packages worth less than $800 to enter the U.S. without facing any duties, will end for all countries on August 29.

James@gravitysra1nbow.bsky.social · last yr.

I'd love to know the tariff strategy tbh. You can't secure a single deal with 90 days, so instead, you blow up any negotiations you had with a new random tariff rate, but this time, you only have two weeks to negotiate. Like I'd sincerely love to know what the advice about this is right now.

Dr. Samantha Hancox-Li@sjshancoxli.liberalcurrents.com · last yr.

i know this makes me a curmudgeon but i wish more progressives understood more about the price of money

Isaiah Bishop@isaiahbishop.bsky.social · last yr.

Regrettably for the serious people who have followed me, its about to be a lot of canadian politics

Carl Quintanilla@carlquintanilla.bsky.social · last yr.

WELLS reiterates its Underweight $TSLA — and a $120 price target — but its “downside scenario” is truly ugly.