I feel like there’s a growing understanding that the economy has nothing to do with the majority of our lives. For example, recession indicators, at least in the US, don’t include cost of living and inflation. Low employment doesn’t mean shit to me if the price of groceries grows faster than my salary. Large numbers of open jobs doesn’t mean shit to me if employers can justify lower wages because the market is flooded from layoffs. A high salary across the board doesn’t mean shit to me if I can’t afford a house on the wage, forcing me to dump increasingly larger portions of my pay on renting an asset I can never own.
I feel like there’s a growing understanding that the economy has nothing to do with the majority of our lives. For example, recession indicators, at least in the US, don’t include cost of living and inflation. Low employment doesn’t mean shit to me if the price of groceries grows faster than my salary. Large numbers of open jobs doesn’t mean shit to me if employers can justify lower wages because the market is flooded from layoffs. A high salary across the board doesn’t mean shit to me if I can’t afford a house on the wage, forcing me to dump increasingly larger portions of my pay on renting an asset I can never own.