Fast food isn’t now, nor has it ever been, something low wage earners spend a lot on
Anyways, actual reasons for why people think the economy is bad
https://x.com/mattsheffield/status/1785122434817085475?s=46&t=N0_fcOKIYYmlCS2e4YShsQ
Fantastic result if it wasn’t being forced on them, maybe. Like a lot of money and health is destroyed by fast food in America, but I think a lot of people do it out of borderline necessity (very little free time, mentally fried, can’t afford a nicer food option that requires no work). If those people are now being forced to invest the time in home-cooked meals then it’s good for their health, but may be bad for their mental health, and either way if the reason it’s happening is a deterioration in spending power that’s bad.
I’d love to see TV commercials with the tagline, “Eat at McDonald’s…for your mental health.”
Just 3 weeks ago, you were saying that the reason people are saying the economy is bad is because the NYT was posting shitty headlines.
And now you’re saying that people who read things like the NYT prefer Biden by a large margin?
Can’t we lock this dumpster fire of a thread, at least until someone actual defines what the fuck all of you mean when you argue about the “economy”?
LOL @ this guy coming in and calling a thread a dumpster fire
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Job growth lower than expected, unemployment unexpectedly up to 3.9% and…
The jobless rate tied for the highest level since January 2022. A more encompassing rate that includes discouraged workers and those holding part-time jobs for economic reasons also edged up, to 7.4%, its highest level since November 2021.
“It was the 40th straight month of job gains in the US and the 27th consecutive month with the unemployment rate below 4% – the longest such streak since 1953.”
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Look the job market could crater tomorrow and you still wouldn’t be right about before.
This is also not a cratering of the job market.
Still seems really 
for long term sustainability that our markets so “manipulated” (maybe managed?) by the Fed that bad news is good news for stonks.
Still time to buy gold imo
Underemployment at 7.4% is pretty high, though. Looking at the chart it’s higher than it was 2018 through COVID, and higher than ~1995 through 2007. So, it’s currently better than it was during COVID and the global financial crisis/recovery and worse than at any other point since the mid 90s.
Are we really using the underemployment rate, and if so, which one? Because that’s basically the rate that conservatives stupidly tried to use to show no improvement in the Obama economy. We really doing this shit… again?
Labor participation is the same ffs.
Although I do have some IBIT now
You cannot cite [widely acknowledged economic metric that does not support my view] because [hand waving proof that it is not representative of reality]. But here’s a link to the latest [widely acknowledged economic metric which does support my view].
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So what underemployment rate do you want to use and why? Please be specific.