• TropicalDingdong@lemmy.world
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    7 months ago

    These tedious ass articles which inevitably and constantly use metrics irrelevant to a working class persons lived experience.

    Swap out any economic metric in there for the price of eggs and it’s a completely different story on the economy. Whenever an article uses terms like “the economy” in lieu of specific measurements, consider it a rag. Show me the rate of new home ownership. Show me median weekly income divided by the price of a dozen eggs or a gallon of milk…

    The problem with this entire presentation and narrative is that both accused misperceptions are part of the same pattern of gaslighting on the part of media. The way crime is presented, you would believe we are living in a hellscape. The way the economy is being presented you would believe that everyone is just on the cusp of buying a second yacht. But these narratives aren’t being presented to the same audiences. The reality is that actually, this “economy”, as in the general structure of financial systems and ways of engaging with those systems, sucks for most people. Left or right. News media keeps measuring the stock market or unemployment as if those things are meaningful metrics when people have been dropping out of the economy since litterally 2008, and again during covid. It doesn’t matter if the stock market is up if you have no investments there. It doesn’t matter if unemployment is low when a significant portion of the available participants have just given up, or the fact that you might be glueing, 1-3 different gigs together just to try and afford rent and eggs.

    Both cases are a form of gaslighting and it’s a major reason why Democrats lost and Republicans won. Which aspects they were gaslighting whom on.

  • Maggoty@lemmy.world
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    7 months ago

    Until the elites learn that the grass roots of America judges the economy on how easy or hard it is to pay for things without credit, the disconnect will continue.