These are measurable, objective things that people are getting wrong:
By huge margins, they believe inflation is still rising (it’s falling), that it has outstripped wage growth (wages have outpaced prices), and that they have become less wealthy (they’ve become much wealthier).
These are core facts about the US economy. I don’t think it’s okay to say ‘they answered incorrectly because they’re worried about other things that weren’t being asked about’.
A functioning democracy is predicted on having a rational electorate. But the repeated evidence of the last several years is that huge numbers of American voters seem unable to grasp the objective facts and reality of the country and world that they live in. For a long time we’ve all focused on the right-wing extremist angle to this - climate change denial, anti-vaxxers, 6 January denial, and so on. But the next US election is going to be centred around the economy, yet it seems like a lot of voters (drawn from both left and right?) are being influenced by a subjective worldview of the US economy that differs from objective measurable reality. They’re going up vibe themselves into a Trump presidency.
Not really surprising that people changing to better paying jobs are getting paid more. But when you are forced to change jobs to buy food, it’s gonna sour your opinion of the market. Or that wages have increased for those in industries with strong unions that have done things like strikes to get those benefit, many are not gonna consider that an indicator of the economy as a whole even if it’s been done over several industries.
Also, the wage increases have largely being high schooler or less workers (according to this article) that no longer were able to fill positions otherwise, which for some reason a lot of people don’t seem to think are real jobs nor is it going to influence the opinion of influencers’ opinion of the economy as a whole.
These are measurable, objective things that people are getting wrong:
These are core facts about the US economy. I don’t think it’s okay to say ‘they answered incorrectly because they’re worried about other things that weren’t being asked about’.
A functioning democracy is predicted on having a rational electorate. But the repeated evidence of the last several years is that huge numbers of American voters seem unable to grasp the objective facts and reality of the country and world that they live in. For a long time we’ve all focused on the right-wing extremist angle to this - climate change denial, anti-vaxxers, 6 January denial, and so on. But the next US election is going to be centred around the economy, yet it seems like a lot of voters (drawn from both left and right?) are being influenced by a subjective worldview of the US economy that differs from objective measurable reality. They’re going up vibe themselves into a Trump presidency.
Not really surprising that people changing to better paying jobs are getting paid more. But when you are forced to change jobs to buy food, it’s gonna sour your opinion of the market. Or that wages have increased for those in industries with strong unions that have done things like strikes to get those benefit, many are not gonna consider that an indicator of the economy as a whole even if it’s been done over several industries.
Also, the wage increases have largely being high schooler or less workers (according to this article) that no longer were able to fill positions otherwise, which for some reason a lot of people don’t seem to think are real jobs nor is it going to influence the opinion of influencers’ opinion of the economy as a whole.