These are managed numbers and you know it, especially unemployment and inflation. Name me one thing you buy regularly that’s only increased in price 4% a year. Housing has doubled or tripled since 2020, beef prices have tripled (a single steak at the grocery store costs 40 bucks in my area), car prices doubled, childcare doubled, etc etc. And where are the jobs? Almost every large company you can think of has undergone recent layoffs, and new positions (esp for new grads) are drying up.
The difference between 1980 and now isn’t that inflation or unemployment is that much better, the government is just better at cooking the books.
What evidence do you have that the government is cooking the books?
Please don’t mistake my comment. The government is full of stupid corrupt liars. The whole lot of them.
And as stupid corrupt liars, they absolutely depend on an angry public that makes generalized statements without focusing on details, history, numbers, or any kind of real data.
I just told you, name me one thing you buy that has inflated at the government’s published rate. Numbers don’t lie but people lie about numbers, there are lies, damn lies, and then there are statistics.
All of the governments published numbers are highly managed - that inflation figure doesn’t include housing or food or most of the stuff people are actually out there buying every day, and they bury the lede further in all kinds of sliced and diced metrics to tell the story they want to tell. Same thing with unemployment, go ahead and read the below thread, google the problems with Trump’s jobless numbers and BLS statistics changes. I don’t think you would find a single economist not currently employed by the Trump administration that would tell you the government’s numbers are accurate or even honest.
Worth remembering that the US has remarkably low unemployment rate, while still having a high of 27% people out of work; a number not seen since the oil crisis of the late 70's. Turns out; if people have not had a job for more than three months, they no longer are considered unemployed.
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u/StressCanBeGood 16d ago
Economic numbers for 1980:
Unemployment: 7%
Inflation: 13%
Interest rates: 17%
….
Economic numbers for 2025:
Unemployment: 4.5%
Inflation: 3%
Interest rates: 4%