Quote (bogie160 @ Apr 17 2024 05:07am)
To understand why Americans across the political spectrum despise the Biden economy you have to look no further than real median household income. American households saw purchasing power contract by ~5% between 2019 and 2022. Net job growth over that span is entirely attributable to increased immigration. Hourly median wages, when they do beat inflation, are often entirely offset by fewer total hours worked.
Yes inflation is putting mass pressure on most people. It would be really stark if Regan hadn’t removed food and gas off the index.
Employment is not driven by immigration numbers. Or are you saying the Mexican border creates jobs. Wut? There has to be jobs for migrants to take. Illegal ones wouldn’t be reported. The inflation buying power is a real thing. Biden still has better job growth and GDP numbers .
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