Re:Yes, the U.S. economy is likely in recession
by leereeves on Wednesday August 03, 2022 @10:06AM
(#32331841)
There's a difference between rooting for the country to do worse and acknowledging that it is doing worse, and we shouldn't shy away from the latter out of frustration with the former.
And real wages fell 3% in six months [1] (i.e. over the first half of this year, wages fell at a 6% annual rate), so I think it's time to acknowledge that the nation is doing worse, at least for the working class.
And real wages fell 3% in six months [1] (i.e. over the first half of this year, wages fell at a 6% annual rate), so I think it's time to acknowledge that the nation is doing worse, at least for the working class.
1: https://www.statista.com/statistics/216259/monthly-real-aver...