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All the Good Economic News Vindicates Bidenomics (www.nytimes.com)

submitted 2 months ago by silence7@slrpnk.net to c/nyt_gift_articles@sopuli.xyz

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[–] ChonkyOwlbear@lemmy.world 2 points 2 months ago

You are right that jobs figures and the stock market don't necessarily translate to the working class. What does are things like union activity and membership which have increased. Labor is striking for better wages and winning. Office workers are pushing for work-from-home options and winning.

Energy cost have dropped significantly. Gas prices are down to $3.26 from $3.93 this time last year. Food inflation is down to 2.1% this year, which is comparable to what it was before the pandemic. Yeah, meat prices are still high, but fruits, vegetables, and grains are down. All significant improvements for the average person.