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LeroyJenkins ,

I must say, I was quite impressed during my visit to Budapest. I don’t blame my fellow countrymen for fleeing there.

pinkwerdo ,

Where are you from?

recarsion ,

Impressed? With Budapest? Outside of the nice touristy areas it’s a poverty-ridden cesspool

Colour_me_triggered ,

Americans are impressed by old stuff, and it’s not like they see outside the touristy areas. Fuck Viktor Orban by the way.

recarsion ,

You speak from my heart brother, those fuckers are destroying Hungary’s future.

LeroyJenkins ,

it was just a joke to make me sound like I thought the article was about Americans going to Hungary

recarsion ,

Ah, I see. Sorry, irony in pure text form can be difficult to spot.

Krauerking ,

Biden is definitely helping the economy by bringing in all that cheap import child labor so he should know

dangblingus ,

Yeah gonna need a citation on that one.

Krauerking ,

Biden’s health and human services secretary was specifically calling for the camps that Biden has done nothing to dismantle to release children quickly which is tossing then into forced labor

Biden has still failed to do anything on immigration with it only ramping up and making him more reliant on new private ICE facilities that are well known for their atrocious methods.

We have no official Labor Secretary at the moment and haven’t for months. In the same timeline of Biden stating he would have his departments crack down on child labor we have gone an additional 10 months of silence.
An attempt at passing a bill to push against child labor and to use the already existing framework of banning sales of items made with child labor both failed with no support from the white house.

So, sure, both sides. And yes, the system is already broken and split. But at best Biden is complacent, and at worst happy to look the other way while his investors make money.

paddirn ,

It’s a strong hoarding economy, the rich and ultra-rich are hoarding wealth and companies are raising prices for everyone else to feed their insatiable demands for profit. There’s nothing strong about this economy for the majority of people.

quams69 ,

The economy isn’t strong, for one. Rich people getting richer isn’t indicative of a healthy economy. The entire working class can barely afford their god damned groceries, 40 hours a week isn’t even enough to live on for most people.

The economy is dogshit right now. Fuck these corpo ghouls.

GiddyGap ,

The economy is dogshit right now.

It’s not so much the economy that’s dog shit as it is the policies regulating the economy that are dog shit. Better redistribution of wealth would go a long way to alleviate the economic inequality of the US economy.

Of course, that would require implementing policies that many, especially conservatives, are not willing to implement.

fosforus ,

If you’re individually fucked, then it of course hurts, but generally speaking the US economy has been doing pretty well in the last 20, 10 and 5 years. Covid-19 was a bit shit but it was a bit shit for pretty much everyone.

If you wanna see an economically mediocre previously well-off area, check out EU.

ExLisper ,

“If you’re rich you’ll doing fine actually. If you’re poor you don’t matter”

fosforus ,

I believe USA has a rather large middle class still, don’t they?

ExLisper ,

They do. And poor people don’t matter so you’re all good. Just be careful not to get sick and fall below the middle class line.

fosforus ,

Over the last 200 years, it has been more likely for people to climb out of extreme poverty than go the other way. The amount of people in extreme poverty was ~75% in 1820, and it’s now ~10%.

But perhaps you were talking about poverty, not extreme poverty. That figure has been rather more or less same for a long time in the US.

ExLisper ,

In the last 20 years vastly more people climbed out of poverty in China than in USA. If that’s your metric Chinese economy is doing amazing and USA has stagnated 20 years ago.

fosforus ,

It’s pretty much a fact that the Chinese economy has been doing great in the last 20 years, and since most of the extreme poverty used to be in places like China, it’s not a large surprise that the most climbing happened there. It’s easier to climb when you’re at the bottom – there’s way more room above you than below you.

notannpc ,

That’s capitalism working exactly as expected.

satans_crackpipe ,

deleted_by_author

    •
    Kbobabob ,

    Do you not have access to filters?

    feedum_sneedson ,

    one word answers only

    Unpigged ,

    You mean ‘capitalism’ right?

    feedum_sneedson ,

    Naturally.

    YoorWeb ,

    Weed

    Toulin ,

    Feature (not a bug)

    fosforus ,

    Lie.

    reagansrottencorpse ,

    Scum

    Starkstruck ,

    Hoarding

    irreticent ,
    @irreticent@lemmy.world avatar

    Greed

    orcrist ,

    As we all know, the word “economy” means “rich people’s yachts”.

    Agent641 ,

    Nice ‘economy’ you got there. Be a shame if this Dewalt cordless drill with 40mm carbide holesaw happened to it.

    chitak166 ,

    Glad people are starting to wake up to this.

    Maggoty ,

    Hey NBC, an economy that’s not providing the basic necessities for working families is not a strong economy. No matter what the pretty graph says.

    1847953620 ,

    iT’s NoT a ReCeSsIoN (because we don’t like you having a word to call it, so we’re the ones who get to redefine it however we wish)

    EatATaco ,

    The definition wasn’t redefined. You just always heard the rule of thumb and thought that was actually the definition. Like, let’s be honest here, have you ever even taken an economics class outside of HS? When you learned how it’s actually determined, instead of thinking “I’ve learned some nuance and I will incorporate this into my future conclusions” you rejected it and concocted some conspiracy to explain it.

    Krauerking ,

    But even in academic circles it is an arbitrary definition that is usually agreed upon by consensus. It’s holistic, not a firm science and it’s like that because economics is not actually about actual mathematics but is about humanity studies and trying to predict the emotional feelings of people with money to spend. There is statistical stuff you can use to help but a farmer in 1875 has done better on predicting markets than most modern degree holders.

    EatATaco ,

    It’s not arbitrary. It’s just that, as you note, a nuanced question without a simple answer. The “two quarters” thing is just something that we tend to see with every recession. But there are a lot of other things we tend to see too: unemployment rising, consumer spending retracting, income dropping, industrial output retracting… and we didn’t see any of the other factors that we’ve seen previously.

    It would have been one of the weirdest “recessions” we’ve ever seen, that bucked numerous other recession indicators. . .all in favor of two quarters of negative GDP growth. How does that make any sense?

    Krauerking ,

    Expecting everything to be the same is silly. History rhymes, not repeats, so whatever this period could be called is hard to say. But consumer spending is down. Sorta. People are spending less now but the market now is back to “stable”. There is over employment from income not raising to match inflation so it’s like people got pay cuts. Industries are also rapidly declaring bankruptcy.

    It’s weird now. Sorta like a Frankenstein recession one that is not and is still shambling but seems to be held together by stitches and random corpses thrown together.

    This period will definitely be talked about in economics because it’s certainly something new that couldn’t have existed before without the very global economy. Maybe it will turn more traditional or go back to normal but it’s definitely not a full well and fine economy at the moment.

    EatATaco ,

    I absolutely agree that it’s weird and it’s not fine right now. All I responded to was the oft-repeated and false claim that they changed the definition of recession, and then attributed that to some conspiracy theory to silence them.

    It will absolutely be talked about, but just as likely as how it was a huge win for the fed if the soft landing happens, and that appears more and more likely at this point.

    Krauerking ,

    I guess that is fair. I’m just not that against it when people think it feels like a recession to them. The brunt of this soft landing is not even. It really does feel like it for a lot of lower class people being laid off or struggling to find work. I know of whole warehouses that have closed up in the last year or 2.

    So for them… They are in a recession. My point is that it’s a term that has no solid definition. It’s truly arbitrary to the person who is making the claim and on a global level it might not be happening but in smaller sectors it feels like hell.

    But that person did say that they changed the definition when it really just doesn’t have one other than agreed idea of what it should look like. And based on what we all classically think of as a recession this ain’t it. And thinking it’s a conspiracy against us and not just wealth classes being completely unsynced is a bit silly, even if I want them to use their voice to complain.

    EatATaco ,

    I’m just not that against it when people think it feels like a recession to them. The brunt of this soft landing is not even. It really does feel like it for a lot of lower class people being laid off or struggling to find work. I know of whole warehouses that have closed up in the last year or 2.

    This is the problem tho, it’s all anecdotal. Recessions aren’t individual things, because there are always going to be losers in any economy. Unemployment is at all time lows. Wage growth is beating inflation (and some of the biggest beneficiaries of this have been low wage workers). Inflation back down near desired levels. There’s tons of reason to be optimistic about the state of the economy. Don’t get me wrong, there is a long way to go to make up for what was lost over the pandemic and the subsequent inflationary period, but economic outlook looks good now.

    The doom and gloom is being amplified by Republicans in an attempt to hurt Biden’s chances of re-election. I wish people wouldn’t repeat their lies and help Trump get elected at the same time.

    My point is that it’s a term that has no solid definition.

    The world is a complicated place. The fact that one can’t precisely define something and there is a grey zone doesn’t make any claim, even those that fall clearly outside of that grey zone, valid. “It’s complicated, so any opinion is valid” is just not something we should get behind, as it justifies all kind of nonsense, like climate-change denial.

    1847953620 ,

    It’s all anecdotal, folks.

    I won’t vote for Trump, I just don’t like having to eat a shit pie and being told it’s french silk caramel, and if I say otherwise I’m Republican, Uneducated, or something else equally insulting.

    EatATaco ,

    Except noone of substance is telling you anything is french silk caramel. Your whole position is based on a incorrect premise that is the result of what appears to be a false dichotomy.

    If you’re position is this detached from reality, it’s no surprise you’re being accused of being uneducated or something equally insulting.

    1847953620 ,

    Mmm, beg to differ. Your whole position is tedious and pedantic.

    EatATaco ,

    The whole debate is over the definition of a word so of course it’s going to be pedantic. Lol I’m not even sure you understand what that words mean.

    “OMG we’re in a recession”

    “Well, no not technically because the definition you are using is not the actual definition”

    “OMG you’re trying to tell me the economy is french silk caramel!”

    “Uh that’s not what they’re saying”

    It this is “pedantry” then surely you don’t understand the term.

    1847953620 ,

    I’m not saying “they changed the definition”. I’m saying “too many things about the way this term is gatekept from general use are flawed, and done for political gain sometimes, the average discussion of what is happening right now being one of them”. It depends on the context whether a more academic definition standard should be expected, and even then it’s not as straightforward as whoever is trying to shut down its use likes to pretend, and so perhaps a less-important hill to die on than whatever discussion is happening at that point in time."

    EatATaco ,

    I’m not saying “they changed the definition” so we’re the ones who get to redefine it however we wish

    Funny that after making up an claim that people are serving you shit while claiming it’s a delicacy, you would turn around and claim you aren’t saying they changed the definition after almost explicitly doing so.

    1847953620 ,

    For all your whining about nuance, you sure love to take the most reductionist (straw-manned) interpretation of things and come out of the gate swinging with insults. Excuse me while I use this to justify dismissing your pedantry.

    EatATaco ,

    This is a whole lot of empty nothing. Most people when thoroughly beaten slink off. A select noble few admit they are wrong. Less intelligent avoid an actual debate by doing stupid shit. A good example is throwing out big-ish words they don’t understand.

    chitak166 ,

    It’s strong for the people who matter.

    Maggoty ,

    Not if it keeps going like this. The rich will find out really quickly that they have nothing more than funny bits of colored paper and a gentleman’s agreement with a Bank’s internet server. Strong economies start from the bottom up and die from the bottom up. Catering to the top has always been a recipe for disaster.

    MisterFrog ,
    @MisterFrog@lemmy.world avatar

    Same reason I hate it when the housing market is described at “strong” in Australia? In what way? Is the market providing housing for all who need it? No?

    Then it’s weak and I’ll have none of this “strong” housing market bullshit.

    SCB ,

    The housing market being strong means homes are selling. Homes selling means prices rising.

    MisterFrog ,
    @MisterFrog@lemmy.world avatar

    I know what they mean, I just think it ought not to be used, it’s a euphemism.

    SCB ,

    It’s not a euphemism, you’re just not the person benefiting from the strong market because you are not currently a homeowner.

    MisterFrog ,
    @MisterFrog@lemmy.world avatar

    It’s not benefitting anyone who buys a house (me included…) to live in either, only those who will sell for a profit.

    We’re tying up money where it provides no value beyond the actual utility of the house (what it costs to build, maintain, the location etc).

    It would be much better if that money were invested in businesses, which actually provide value to society.

    Instead, we’re stuck with literal decades of debt, or stupidly high rent.

    It abosultely is a euphemism for the vast majority (including home owners).

    SCB , (edited )

    It’s not a euphemism because it is describing actual, literal market conditions. You won’t benefit from every strong market. Business owners do not benefit from a strong labor market. Freight brokers do not benefit from a strong driver market.

    Tight and loose markets are a pretty basic concept man. There’s no language wizardry going on here.

    Mediocre_Bard ,

    Capitalism.

    Chakravanti ,

    Corporate Slavery.

    Karyoplasma ,

    Because trickle down economy unsurprisingly doesn’t work. Good question tho.

    Surp ,
    @Surp@lemmy.world avatar

    Strong for who? The rich?

    Waraugh ,

    It’s incredible to me that people need over $2k a month for food. I go to Sam’s once a week to replenish supplies and feed a house of six, two adults and four boys between 10-14, on $800-$1000 a month. That includes a ribeye or new york strip dinner every Saturday so theirs still plenty that could be cut. What the hell are people eating?

    Space_Racer ,
    @Space_Racer@lemm.ee avatar

    Probably people buying a ton of pre-made meals and whole foods. A lot of people just put stuff in their carts without considering prices.

    kattenluik ,

    That’s definitely not what happens to most people, a lot of them don’t have time to cook or have never been taught how to buy proper food because of the failed education system.

    Adeptfuckup ,

    You’re a tone deaf wanker

    CraigeryTheKid ,

    I sound like you, but I bet your answer is that we’re buying groceries and preparing a lot of those meals.

    Single parents or busy ones that can’t do that have to buy ready food.

    A classic tale of “it’s expensive to be poor”.

    Waraugh ,

    So I started looking at prices since my comment and I think you hit the nail on the head. It’s astounding to me what the difference in cost is for premade or hell even just not bulk. I had no idea how much I was saving with a vacuum sealer and apparent luxury of having a large pantry and large standup freezer to go with the kitchen fridge/freezer. I don’t think I could make it through more than a couple days using a top of fridge freezer if that’s all I had. So bulk buying wouldn’t even really be possible as a typical renter. Just the wasted time having to shop multiple times a week (not just grabbing something but legit grocery shopping) sounds miserable and the expense from extra trips doesn’t help any.

    KevonLooney ,

    With only a few people, you can maybe go a week with a normal freezer. But you will be eating everything you have. With 6 people? You would need to go shopping every 2 or 3 days. You will not buy frozen things in bulk unless you want to only eat a few items for 2 days.

    CADmonkey ,

    And the costs are beyond just dollars. My wife and I recently started cooking at home (and even growing some food) and I lost 20 pounds. My wife lost 50 pounds. We aren’t cooking the healthiest things ever, but we make it at home.

    Fraylor ,

    Nobody has to buy pre-made food. That’s just inherent lazy bullshit. Not to say the economy isn’t fucked left right and center, and recent inflation is completely fabricated bullshit. But to say you have to buy ready-made tells me you’re too stupid to cook, or stupid with your time.

    Mediocre_Bard ,

    Bro , some people work multiple jobs and literally have time to sleep when they are home. They don’t have time to cook. It happens, and those people aren’t lazy.

    Fraylor ,

    I’d love to see how many manage to find downtime for their phones, etc. Takes 20 minutes tops to make a healthy meal.

    hglman ,

    Odd that you found time to post, you should really be working harder.

    Fraylor ,

    I’m not struggling since I understand how to take care of myself.

    Remmock ,

    Do you have to take care of a family? One where your domestic partner can’t work because they have to look after the kid(s)?

    ThatFembyWho ,

    in my city, there are numerous “food deserts” where fresh food generally isn’t available, and people go to pricey convenience stores which sell, guess what, premade food, junk. When you are raised that way, and everyone around you does the same, it comes naturally. And who is educating them otherwise, or making useful changes?

    My mom grew up not knowing how to cook, bc they almost never had real food in their house (actually the “projects”, single mom with schizoaffective disorder, four kids). She was working at like 12, 13, and if she were still alive, I’d love for you to try telling her they were lazy lmao

    Fraylor ,

    I’d be happy to call her lazy as your anecdote is just that. Books exist, as do library’s, all full of knowledge on how to make shit to eat.

    Adeptfuckup ,

    Here’s a thought. Maybe. Just. Maybe. There are people that live in the United States that don’t own a car to fill to the brim with that amount of supplies. It’s difficult to carry that amount of groceries on a crowded and late bus back to your apartment. Delivery you say? Well. That’s extra isn’t it? Remember to tip or else. See. Not everyone lives like you. In fact. Less and less people live like you everyday. When the tipping point eventually comes. What will you say then?

    RBWells ,

    There are some economies of scale with a bigger family, though. I pay more per person now with household of 4, than when we had more kids. Getting stuff in bulk works best with a large household.

    And yes cooking saves money too. Ingredients don’t cost as much as prepared foods. You pay in time or you pay in money.

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