Can't remember which thread it was.

 

1 - Not ALL inflation can be blamed on the president

 

2 - Tesla Model 2 is rumored to be priced at under 10K 

 

3 - Please stop parroting the daily news. It's full of bs. 

 

 

 

15 minutes ago, save the frogs said:

Can't remember which thread it was.

 

1 - Not ALL inflation can be blamed on the president

 

2 - Tesla Model 2 is rumored to be priced at under 10K 

 

3 - Please stop parroting the daily news. It's full of bs. 

 

 

 

The biggest complainers want us to forget about the Biden years.  Joe Biden and the dems devastated the working man with inflation. 

15 minutes ago, Mike_Hunt said:

The biggest complainers want us to forget about the Biden years.  Joe Biden and the dems devastated the working man with inflation. 

https://www.americanprogress.org/article/americans-wages-are-higher-than-they-have-ever-been-and-employment-is-near-its-all-time-high/

8 minutes ago, Alan Zweibel said:

https://www.americanprogress.org/article/americans-wages-are-higher-than-they-have-ever-been-and-employment-is-near-its-all-time-high/

You lose. 

 

 

 

10 minutes ago, Alan Zweibel said:

https://www.americanprogress.org/article/americans-wages-are-higher-than-they-have-ever-been-and-employment-is-near-its-all-time-high/

Looks at your source.  American progress, which is a progressive site.   Progressives always lie.  Look at the fed date I posted.  It’s real wages, which adjust for inflation. 

20 minutes ago, Alan Zweibel said:

https://www.americanprogress.org/article/americans-wages-are-higher-than-they-have-ever-been-and-employment-is-near-its-all-time-high/

I zoomed it in for you. 

Just now, Mike_Hunt said:

You lose. 

 

 

 

First of that spike in the beginning of 2020 fell sharply while Trump was still President. But more importantly you clearly don't understand why that spike occurred. Let AI explain it to you:

US wages rose sharply at the end of 2019 and the beginning of 2020 due to a compositional effect: low-wage workers were disproportionately laid off, which mechanically increased the average wage. Many businesses, particularly in low-wage sectors like hospitality, had to shut down during the initial COVID-19 lockdowns. As a result, the workforce became skewed toward higher-paid workers, driving up the average wage, though this did not reflect a better bargaining position for workers or general pay raises

 

 

So as more lower paid workers returned to work, average wages declined.

And one of the most remarkable features of the Biden Presidency  was that the lowest paid workers saw the biggest gain in wages:

https://www.americanprogress.org/article/americans-wages-are-higher-than-they-have-ever-been-and-employment-is-near-its-all-time-high/

1 minute ago, Alan Zweibel said:

First of that spike in the beginning of 2020 fell sharply while Trump was still President. But more importantly you clearly don't understand why that spike occurred. Let AI explain it to you:

US wages rose sharply at the end of 2019 and the beginning of 2020 due to a compositional effect: low-wage workers were disproportionately laid off, which mechanically increased the average wage. Many businesses, particularly in low-wage sectors like hospitality, had to shut down during the initial COVID-19 lockdowns. As a result, the workforce became skewed toward higher-paid workers, driving up the average wage, though this did not reflect a better bargaining position for workers or general pay raises

 

 

So as more lower paid workers returned to work, average wages declined.

And one of the most remarkable features of the Biden Presidency  was that the lowest paid workers saw the biggest gain in wages:

https://www.americanprogress.org/article/americans-wages-are-higher-than-they-have-ever-been-and-employment-is-near-its-all-time-high/

Use the fed data. 

4 minutes ago, Alan Zweibel said:

First of that spike in the beginning of 2020 fell sharply while Trump was still President. But more importantly you clearly don't understand why that spike occurred. Let AI explain it to you:

US wages rose sharply at the end of 2019 and the beginning of 2020 due to a compositional effect: low-wage workers were disproportionately laid off, which mechanically increased the average wage. Many businesses, particularly in low-wage sectors like hospitality, had to shut down during the initial COVID-19 lockdowns. As a result, the workforce became skewed toward higher-paid workers, driving up the average wage, though this did not reflect a better bargaining position for workers or general pay raises

 

 

So as more lower paid workers returned to work, average wages declined.

And one of the most remarkable features of the Biden Presidency  was that the lowest paid workers saw the biggest gain in wages:

https://www.americanprogress.org/article/americans-wages-are-higher-than-they-have-ever-been-and-employment-is-near-its-all-time-high/

Real weekly earring under Joe Biden negative 4%.

 

https://www.factcheck.org/2025/10/bidens-final-numbers/

Inflation and high interest rates are the result of idiots that think they can control the economy, but fail to realise that it is the money-men and markets, plus investors who do. Politicians control very little... it's the markets that make or break economies, which is something stupid politicians fail to realise. It's simply, make a pro-business environment and you prosper... do the opposite and be a socialist idiot and fail.

53 minutes ago, Mike_Hunt said:

The biggest complainers want us to forget about the Biden years.  Joe Biden and the dems devastated the working man with inflation. 

Yes bad Biden,however have you looked at the inflation now?

Now trump is in charge and inflation is even higher!

Have you seen the unemployment figures?

Or is that Biden's fault too?

 

11 minutes ago, Mike_Hunt said:

Real weekly earring under Joe Biden negative 4%.

 

https://www.factcheck.org/2025/10/bidens-final-numbers/

Funny. Before you insisted on using the Fed numbers and now you go to factcheck. 

 

16 minutes ago, Mike_Hunt said:

Use the fed data. 

This is from the Fed:

The August 2020 FRBSF Economic Letter—aptly titled "The Illusion of Wage Growth"—by Erin E. Crust, Mary C. Daly, and Bart Hobijn shows that restricting the sample to people employed in the second quarters of 2019 and 2020 reduced growth in median usual weekly earnings over that period by nearly 8 percentage points from the published rate of 10.4 percent. The Atlanta Fed's Wage Growth Tracker, which uses the same type of restriction, and the Employment Cost Index (ECI), which controls for employment share changes among industries and occupationshttps://www.atlantafed.org/-/media/Images/gallery/icons/off-site.svg?w=13 , were not subject to the illusion of wage growth shown by the blue line in chart 1.

https://www.atlantafed.org/blogs/macroblog/2021/11/10/compositional-distortions-to-measure-of-wage-growth-during-pandemic?utm_source=chatgpt.com

14 minutes ago, Mike_Hunt said:

Real weekly earring under Joe Biden negative 4%.

 

https://www.factcheck.org/2025/10/bidens-final-numbers/

Funny, just before you insisted on using the Fed and now you go to factcheck. Here's the graph from the fed showing changes in real wages.

https://fred.stlouisfed.org/series/LES1252881600Q

1 minute ago, Alan Zweibel said:

Funny. Before you insisted on using the Fed numbers and now you go to factcheck. 

 

This is from the Fed:

The August 2020 FRBSF Economic Letter—aptly titled "The Illusion of Wage Growth"—by Erin E. Crust, Mary C. Daly, and Bart Hobijn shows that restricting the sample to people employed in the second quarters of 2019 and 2020 reduced growth in median usual weekly earnings over that period by nearly 8 percentage points from the published rate of 10.4 percent. The Atlanta Fed's Wage Growth Tracker, which uses the same type of restriction, and the Employment Cost Index (ECI), which controls for employment share changes among industries and occupationshttps://www.atlantafed.org/-/media/Images/gallery/icons/off-site.svg?w=13 , were not subject to the illusion of wage growth shown by the blue line in chart 1.

https://www.atlantafed.org/blogs/macroblog/2021/11/10/compositional-distortions-to-measure-of-wage-growth-during-pandemic?utm_source=chatgpt.com

Dude…you are reaching.  Real wages declined under Joe Biden.  Read the <deleted> graph starting when Joe Biden assumed office. 

2 minutes ago, Mike_Hunt said:

Dude…you are reaching.  Real wages declined under Joe Biden.  Read the <deleted> graph starting when Joe Biden assumed office. 

If you can't or won't understand the compostional effect on wages I really can't help you. A disproportionate number of low wage workers lost their jobs. That meant the average wage rose. That's what's called a compositional effect. As the paragraph I cited from the Fed explains, that elevated average wages by about 8%. But it doesn't mean that workers' wages really went up. 

1 minute ago, Alan Zweibel said:

Funny, just before you insisted on using the Fed and now you go to factcheck. Here's the graph from the fed showing changes in real wages.

https://fred.stlouisfed.org/series/LES1252881600Q

Here is is zoomed in.  

 

At the end of Trump’s term. Q4 2020 real wages 376

At the end of Joe Biden’s Q4 2024 Real wages 375

 

Real wages did not increase under Joe Biden.  

 

Live with it. 

14 hours ago, Alan Zweibel said:

If you can't or won't understand the compostional effect on wages I really can't help you. A disproportionate number of low wage workers lost their jobs. That meant the average wage rose. That's what's called a compositional effect. As the paragraph I cited from the Fed explains, that elevated average wages by about 8%. But it doesn't mean that workers' wages really went up. 

You're biased. Real wages fell under Biden. <removed>

3 minutes ago, Alan Zweibel said:

If you can't or won't understand the compostional effect on wages I really can't help you. A disproportionate number of low wage workers lost their jobs. That meant the average wage rose. That's what's called a compositional effect. As the paragraph I cited from the Fed explains, that elevated average wages by about 8%. But it doesn't mean that workers' wages really went up. 

You’re in a spin cycle now.  

2 minutes ago, Mike_Hunt said:

You’re in a spin cycle now.  

No, you're in a willful ignorance cycle. Biden inherited from Trump a workforce at a much lower level of employment with lots more lower wage workers jobless. But for the people who were still working, their wages went up. 

1 hour ago, Mike_Hunt said:

You’re in a spin cycle now.  

No. He's right. 

 

The real wages peak in 2020 has been caused by people with low wages disproportionally having lost their jobs!

 

https://www.bls.gov/opub/btn/volume-13/did-the-pandemic-affect-real-earnings.htm

I don’t know about all the graphs and all the jaw jacking but I do know steak 20$ a pound expensive gas new cars going at 60k a pop ……costs of materials to build things through the roof…..I also know inflation was world wide during Covid and the recovery from it.we here in the states did quite well on that front compared to other countries.I do know trumps tax (tariffs) are making things much more expensive….it is what it is and Donald is president the buck stops there like it or not.

Statistics, statistics. Depending on source, one can prove or disprove anything. But I am quite sure that lower income individuals are earning more money, as they are working 3 jobs today as opposed to 2 jobs before.

 

1 hour ago, Tug said:

I don’t know about all the graphs and all the jaw jacking but I do know steak 20$ a pound expensive gas new cars going at 60k a pop ……costs of materials to build things through the roof…..I also know inflation was world wide during Covid and the recovery from it.we here in the states did quite well on that front compared to other countries.I do know trumps tax (tariffs) are making things much more expensive….it is what it is and Donald is president the buck stops there like it or not.

Thank Joe Biden and the dems.  

56 minutes ago, Mike_Hunt said:

You people are so F-ing dense. I did not use the 2020 peak as my base. 

Even if you used the level it was at in the first quarter of 2021, it's not me or those who understand the issue of composition like candide who are F-ing dense or playing at it.

2 hours ago, Mike_Hunt said:

You people are so F-ing dense. I did not use the 2020 peak as my base. 

The word is dishonest. You are not debating with sincere contrarians.

1 hour ago, Alan Zweibel said:

Even if you used the level it was at in the first quarter of 2021, it's not me or those who understand the issue of composition like candide who are F-ing dense or playing at it.

You learned a new word today.  The fact is, real wages dropped under Joe Biden, and Joe Biden’s polices helped add at least 4% to the inflaton number.   

10 minutes ago, SunnyinBangrak said:

The word is dishonest. You are not debating with sincere contrarians.

You are right. 

7 hours ago, Mike_Hunt said:

You learned a new word today.  The fact is, real wages dropped under Joe Biden, and Joe Biden’s polices helped add at least 4% to the inflaton number.   

The fact is you offer no counter arguments to the issue of composition. Instead you make it personal which is a sure sign that you've got nothing.

Trump is very guilty as his ridiculous tariffs have led to an increase on countless products, including groceries, and people are just now coming to terms with the fact that Trump was lying about who pays the tariffs, it's the consumer, and that was always obvious, and he's scaring right now trying to avoid the guilt of a tax hike on the American people in the form of tariffs. Don. Dumb abs dumber. 

Posts that were starting a quarrel were removed. Please debate the subject and refrain from attacking other members. Thank you.