The Biden Administration’s robust and durable track record on jobs and unemployment is breaking records, putting up some of the best results we’ve seen in half a century.
The Biden Administration’s robust and durable track record on jobs and unemployment is breaking records, putting up some of the best results we’ve seen in half a century.
Not American, but please keep in mind that the national inflation rate is not necessary someone’s personal inflation rate.
For example when inflation was in the 10%+ here my personal rate was almost 30%. My dad for example buys his bread in his local bakery it was €3 for a 1 loaf and didn’t go up. The bread I buy was €1,02 then it went up to €1,96. That’s 80%+ inflation will my dad had zero. This still is the case(luckily not as bad anymore some prices went down again) with the cheapest stuff. For me personally it doesn’t matter if already to expensive tomatoes only went 5% up. What’s matters is the cheapest.
For another example new cars didn’t go up much, but I couldn’t buy a new car anyway. (And how the fuck buys a new car every year?) It’s a meaning less number.
You don’t know if someone’s rent went up %20 or there stable food supply. Personal inflation especially if you are already struggling is a removed.
That’s being said the price hikes are do to higher prices of materieels and most important record profits for companies. You can blame (in the USA) Biden for keeping the system in places which profits on the basic needs of humans, but not necessary the current inflation numbers.
Same with jobs the numbers go’s up you can credit Biden for that, you again can blame him (and his colleagues on both sides(and the not Biden side is much worse)) that you can barely scrap by on a single job.
Simple said personal experience is not numbers.