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90 sats \ 0 replies \ @optimism 9 Feb \ on: China’s economic miracle appears to be over, and the future is looking bleak econ
So I was thinking that you were probably right re: US money vs cost of living.
US BLS reports unemployment on the low end, so relatively, there shouldn't be a huge unemployment issue, according to that.
So then it must be cost of living. But, digging a bit, over the past 15years, wages seem to outperform CPI (urban) according to FRED
Thus, for the US side of this story, I'm wondering what drives this gap between perception and stats? Are the stats meddled with? Are people that experience hardship much more visible/vocal than at least an equal amount of people that are doing really well for themselves?