egg16z 🥚

These numbers are…surprisingly higher than I would expect. This is potentially something not just worth doing but worth running on.

I think Pelosi understood this and Schumer and Jeffries either don’t or don’t have the fortitude to stand up to him.

It has only been raining for ~4 hours, we haven’t had rain in about a month, and we’re supposed to get 4 straight days of heavy rain plus another 3-4 days of heavy rain likely next week.

Viva la Nithya

Theoretically that is possible but 1) the data don’t show that and 2) even if that were the case that would mean that capital is capturing that income and as was mentioned it’s the wealthy who benefit from gains to capital.

An even starker statistic: the top 1% own ~55% of all equities.

RIP Spurgeon Tanner

I didn’t dig into the details on AEI but best I can tell these arguments are trying to create some proprietary deflation measure that is a hybrid of ECI/PPI and CPI to account for a number of things including total compensation. So they’re trying to put the burden of rising HC costs onto labor.

And bicycle delivery guys don’t clog up the sidewalks or terrify my dog.

“If you measure something other than wages the wage-productivity gap disappears!”

You are not a serious person.

Here’s the St Louis Fed using two different price measures:

fredblog.stlouisfed.org/2023/03/when...

And here’s the BLS:

www.bls.gov/opub/btn/vol...

And here’s CEPR:

The roving camera aspect is the worst (LAPD has used them to find suspects before), but yes they do clog up sidewalks and scare my dog so they can get fucked.

Also how do these improve my experience as a consumer? It’s a worse experience.

This is flatly incorrect.

Hey Hilary: it doesn’t matter what you think because it’s none of your fucking business what a kid, their parents and their doctors want to do.

My argument is that people have been suffering for decades so calling it a “vibecession” (or attributing it to personal failings) misses the bigger picture of why people feel the way they do. It’s not about consumer behavior it’s about being left behind in the broader economy for a long time.

The trendline shows that people didn’t suddenly just become treatlerites during/post Covid. You can’t analyze the vibecession without looking back at least to either 1973/5, 1989 or 2000. People didn’t recover pre-2000 wage levels until the mid-2010’s.

In 2018 it was 1/3 what it was in 1975. That is the same period over which the stagnation of real median wages was most acute.

For reference, from BLS a decade ago:

Evergreen

Personal Saving Rate Personal Saving Rate

That might be a credible argument if personal savings rates didn’t follow the same track as wages over the exact same time period. Unlikely that people just happened to become more financially irresponsible at the same time wages began to stagnate.

“Is now really a good time to fight for human rights?”

ffs

Again, are you really trying to challenge the premise that productivity and wages began to diverge in 1975?

When Eric Edelman and Eliot Cohen are taking about the national security implications of the Epstein files and the possibility that it is all part of a Russian op I think it’s fair to say that theory is very much out of the conspiracy realm.

The Democratic Party being one of the “most visible pro-trans parties on earth” is one of those things that sounds nice but also reveals you know nothing about geopolitics.

I’ve been seeing sporadic discussion to open 2026 of how “the economy is more resilient than we thought” and my response has been “you remember how companies were front loading imports into July last year? Just wait” and I believe I will be vindicated in that view.

what

The corrected chart shows the same thing just to a slightly lesser degree.

Are you really trying to challenge the premise that productivity and wages began to diverge in 1975?

When controlled for as stated in the OP they are. And as I stated in my follow up when you don’t they have only beat inflation by ~.6% annually which is not “getting ahead” in any meaningful sense considering productivity gains over the past fifty years.

Even when you don’t control for those things real median wages have beat inflation by ~.6% annually since 1973.

That means *at the median* it would take ten years move from a 1br to a 2br if that was your only QoL improvement.

Median real wages are flat since 1973 and almost all gains that exist came from a bump during Covid which has now flipped to decline.

More representative figures like share of total income and share of total wealth they are all down except the top deciles since 1989.

He likes to look at the median and ignore what happens below it.