Yup. Almost specifically because the opposing party considers them sub-human, uneducated idiots and this party said they'd fight for them and be in their corner.
Who are they more likely to vote for? Especially in consideration of the state of the American Education system.
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Those were two different things. The pre-pandemic reference was talking about real wage growth in the bottom 40%, while the last 4 years was talking about a recession/post-recession cycle. For that latter, yeah, I guess I should have said 4.5 or even 5 years to be totally accurate.
For the wage growth in the bottom 40% though, yeah you can't necessarily chalk that all up to Democratic policies, but I think arguing that there was strong organic real wage growth in 2020 with the huge unemployment that was happening is a tough to case to make.
And you also have to consider monetary policy. The massive injections of cash into the economy in 2020 will show up in wages a lot faster than they will in inflation. So 2020 wages got the benefit of the huge growth in money supply, whereas 2021 and beyond are where that was felt in terms of inflation, which reduces real wages.
Again, that's why comparing to pre-pandemic is a better measure because it accounts for all that. If Biden gave everyone in the country $10K each a year ago, wage growth would have been exceptional and the annual inflation rate probably wouldn't have gotten too out of control right away. But eventually inflation would skyrocket and depress real wages in 2025 and beyond. Only looking at 2024 in that instance would be misleading.
But what you said about pre-pandemic was:
Quote:
Compared to pre-pandemic, annualized real wage growth among the bottom quintile was 30x higher than it was from 1980-2019
Which is just incorrect, according to your source. If you look at Figure A in the Appendix, the highest "cumulative percent change in real hourly wages" was from 2016 to 2020. After that, things pretty much stagnated.
If you had said "Prior to 2016, annualized real wage growth was essentially nothing", that would be correct and defensible. But there was definitely significant real wage growth pre-pandemic.
The takeaway should be that feelings matter, nothing else. Stop worrying about policy, fairness, equality, none of that #### matters. Figure out what your voting base is most angry about, craft some simple slogans that feed that anger, and then lie through your teeth anytime journalists or the opposing side question you. That's how you win modern elections
Turns out MC 900ft Jesus was right
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President-elect Donald Trump named tech billionaire Elon Musk and conservative activist Vivek Ramaswamy on Tuesday to head up a new Department of Government Efficiency, fulfilling a campaign pledge to give Musk sweeping oversight of government spending.
Trump, in a statement posted to social media, said the department will help to "dismantle Government Bureaucracy" and slash excess regulations. The name of the agency, DOGE for short, is a reference to a popular internet meme and cryptocurrency associated with Musk.
Trump said the department would exist "outside of Government," giving advice to those in the White House on overhauling federal agencies. The arrangement would also likely allow Musk and Ramaswamy to continue working in the private sector and serve without Senate approval.
People don't care about policy, they care about soundbites and stories. Trump just won an election based upon policies that will hurt the average American. He is viewed with distrust by nearly everyone who didn't vote for him and a lot of people who did vote for him. But he has a story - a story about how he is going to fix all of people's problems and in doing so he has made it about evil migrants who are terrorizing communities. There are heartfelt messages from people who have been victims of crime and that is part of the story that they are being sold.
It is an easy to digest story. Same thing with transgendered people - they want to ruin womens sports and that they are defending women, while at the same time taking away women's freedom to choose.
It's the same thing as every really important topic. People respond to anecdotes, not evidence.
The failure of America to understand math and data is a product of a crappy education system. It's destroying the country, and now that there's going to be no federal department of education, it's only going to get worse.
A democracy only works if it is an informed democracy.
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