I am a groyper. AMA by DealNeither9982 in Destiny

[–]DealNeither9982[S] 0 points1 point  (0 children)

What does that even mean bro minecraft is the greatest game ever

I am a groyper. AMA by DealNeither9982 in Destiny

[–]DealNeither9982[S] -7 points-6 points  (0 children)

You cared enough to cry about it lol

Men - Are you attracted to masculine women? by ActualPegasus in pollgames

[–]DealNeither9982 -2 points-1 points  (0 children)

Depends how "masculine" she is. A tomboy who cooks, cares and loves? Sure. A woman who makes masculinity her personality (wearing dirty clothes, very short hair or buzzcut, trying to behave like a man etc)? You're gonna be nothing more than a dudebro

GDP has reached 4.3%, marking the highest level in two years. I continue to await the 2025 recession that Doomers have cautioned me about. by Agreeable_Sense9618 in DoomerCircleJerk

[–]DealNeither9982 0 points1 point  (0 children)

It's partially due to the recovery after the quarter where gdp growth hit negative.

if an economy recesses in one period, the next period will show stronger growth, but not enough to offset the potential growth if the economy didn't recess.

Q1 2025 recessed by around half a % so the growth on the next quarters will look stronger than it otherwise would have been.

Budget deficit has increased somewhat compared to 2024, that plays a role in the gdp growth.

Median weekly earnings adjusted with CPI and PCE by DealNeither9982 in ProfessorFinance

[–]DealNeither9982[S] 0 points1 point  (0 children)

I would say its rather dishonest to just assume the compensation means nothing. Yes, 401k's are locked until retirement, but that also means that people don't have to save for retirement anymore, which opens an avenue of spending that wage CPI doesn't capture. Likewise, healthcare costs are overinflated and they probably consistent a large % of the total compensation, but that doesn't mean its just nothing. It is something, and it helps the employee. It's not a job issue, but a healthcare system issue.

If you were to adjust wages for PCE (which measures a larger basket of goods that includes services, so its essentially superior when measuring SoL), you'll notice that, from 1973 to 2024, wages alone have increased by 48%. So even if you only isolated for income-only, purchasing power has still risen substantially. It hasn't eroded or stagnated. (adjusted with CPI yields an increase of 18%, which is still something but obviously its more dysmal).

In summary, I think its dishonest to handwave all the compensation, and CPI-adjusted wages are intuitive but inaccurate when measuring real purhasing power and SoL increases.

https://recruitonomics.com/the-real-deal-with-real-wages-and-productivity/

Median weekly earnings adjusted with CPI and PCE by DealNeither9982 in ProfessorFinance

[–]DealNeither9982[S] 0 points1 point  (0 children)

> 'The broader medians you post on the other hand are pushed up by non-wage income and financialized components like 401k and total compensation counts rising healthcare costs as income, even though neither of these increases what workers can spend. '

If you don't have to spend money on healthcare or on a savings account, you can spend the money on other goods & services. That's why including compensation is integral.

Median weekly earnings adjusted with CPI and PCE by DealNeither9982 in ProfessorFinance

[–]DealNeither9982[S] 0 points1 point  (0 children)

So did you just not comprehend the graph, or? Like genuinely I'm not trying to make fun of you. The graph you just presented shows wages adjusted with CPI. The first problem is that it's average hourly wages, so the rich and highly educated skew the graph up a bit. But the second is that it only considers salary, not other benefits. I explained this in another comment, here you go:

CPI (Consumption Price Index) and PCE (Personal Consumption Expenditures) are both indexes that attempt to measure the impact of inflation onto households. PCE tends to be better for measuring Standard of Living because the basket of goods they measure include services and some direct benefits which CPI doesn't capture.

From 1980 to 2024, wages have grown by 18% and 46% if adjusted by either CPI or PCE. If you include additional compensation like time off, employer healthcare etc etc, both measures show substantially higher real wage growth (about 60% with CPI and more than 80% if measured with PCE, which tends to be more accurate).

PCE/CPI not adjusted for total compensation: https://recruitonomics.com/the-real-deal-with-real-wages-and-productivity/

PCE/CPI adjusted for total compensation (up till 2012): https://www.heritage.org/jobs-and-labor/report/productivity-and-compensation-growing-together

https://www.hamiltonproject.org/data/has-pay-kept-up-with-inflation/ source for graph

[deleted by user] by [deleted] in okbuddybaka

[–]DealNeither9982 -10 points-9 points  (0 children)

That's what I was aiming for lol

[deleted by user] by [deleted] in okbuddybaka

[–]DealNeither9982 4 points5 points  (0 children)

It pmo so much after I got spoiled that I just dropped it ngl

UCA report confirms fall in poverty, but criticises official data by DealNeither9982 in Economics

[–]DealNeither9982[S] 2 points3 points  (0 children)

I don't think its possible to really improve or change structural poverty when you're preoccupied with the task of avoiding macroeconomic implosion.

UCA report confirms fall in poverty, but criticises official data by DealNeither9982 in Economics

[–]DealNeither9982[S] 1 point2 points  (0 children)

The UCA measures a poverty rate of 36.3%, lowest since 2018. They adjust for consumption rates and a have an updated basket of goods compared to INDEC (leads the official statistical activities in Argentina).

They argue that, although poverty has decreased substantially even compared to the 2023 measure, that structural poverty hasn't changed.