If Jobs Are More Plentiful, and Wages Are Up, And Inflation is Steady, Why Don't Americans Feel It?

[The Cleaner]

I mean, all this great news. Wages up, inflation steady, job reports rosy - it all sounds so good. But the question remains: Why aren't Americans feeling the effects of this "robust" economy? There's no more money in my pocket than before, and personal debt is increasing across the board. Jobs are still difficult to come by from what I see. And I don't hear about anybody suddenly getting 10 thousand dollar per year raises just because things are good.

What gives? :wtf:

[bluerum]

1. Cause the great economy is a trumped up PR fabrication?

AKA the big lie.

[porphyrian]

2. What do you mean? bush's base feels it. They're all he cares about. - n/t

[sendero]

3. Because..

... the claims of a great economy are bullshit, they have been bullshit for six years now and like the Iraq war bullshit you can only hide the fact that something is bullshit for so long.

[proud2BlibKansan]

4. Because they are lying to us?

[napi21]

5. BECAUSE:

The wages that are up are those of the Corporate Executive!

Steady inflation is a LIE! When they calculate inflation, their3's don't include gas prices and the like that effect middle & low income workers the most!

Job increases are up, but NOBODY every says what kind of jobs are being created! They aremostly lower paying service jobs, like care givers, retail sales, etc.

I just read a report a few days ago that stated "Over 90% of workers who lose their jobhave to resort to taking a job paying 40% less than the one they lost!!!"

NUMBERS CAN BE MADE TO PROVE ANYTHING YOU WANT THEM TO PROVE!

[The Cleaner]

9. Good points - low salaries, M3 money

Yep, many who were laid off from tech in 2000-present had to take jobs that pay 40% lower. Insourcing and outsourcing are two factors there, companies can find cheaper labor now. But things cost just as much, and increasingly more. So how the hell can they say salaries are UP.

I know some retail workers who have had their salaries raised by...12 cents. Jackpot! But on paper, it's a raise. It's a wage increase.

Somebody here at DU posted not too long ago that the government won't report M3 money anymore, which has to do with reporting inflation. Maybe someone can expand on that.

So now who can tell me, how the hell is the housing market still sustaining itself? How the hell are average middle class homes (some even little hovels) still selling for up to one million in the bubble cities?

[annabanana]

6. Becasue it's their THIRD mcjob, and they don't have

time to sit around and "feel good" about the "robust economy"

[Hubert Flottz]

7. A freakin' chuck roast is $12.00...

Soon the dollar will be like confederate cash.

[unpossibles]

8. sorry, I was out buying a new luxury yacht

what was the question again?

The "economy" as a whole may be doing well, it's just that most of us are not, and the ones who are doing well are doing so well that it screws the average.

[berni_mccoy]

10. The Truth Of Unemployment ============>

Is here: http://journals.democraticunderground.com/berni_mccoy/1

[blues90]

11. It's just another

Big damn lie and they keep getting better all the time , the lies that is .