It’s important to note that Americans are all over the place when it comes to the economy. To start, take this link to a bar chart from a Quinnipiac Poll in August: https://imgur.com/a/lHtPjJW
This graph shows that these types of polls are inherently inaccurate becuase Americans are answering according to their polical affiliation, not their actual economic situation. This graph also shows that the majority of democrats and republicans believe their current economic situation to be good.
An another reason why some Americans might be disgruntled is that wage growth across the US has been very uneven. This chart from the US Bureau of Labor Statistics shows that wage growth has not been consistent across the US: (https://www.bls.gov/charts/county-employment-and-wages/percent-change-aww-by-state.htm). Those living in an area of low wage-growth are probably less likley to believe the economy is doing well.
NYC, for example, has had consistently rising rents and only seen an average increase of 2.1% for wages. In contrast, Charlotte, North Carolina, has seen rents fall as much as 4.6% in some areas while having an average wage growth of 6.7%. Declines in rent in Charlotte are largely attributed to an increase in new housing. Link: https://charlotteledger.substack.com/p/charlotte-apartment-rents-fall-as?utm_campaign=post&utm_medium=web
So, it’s complicated. I think the democrats best move going forward is to hammer the republicans on things like abortion, and let the economy speak for itself.
It’s important to note that Americans are all over the place when it comes to the economy. To start, take this link to a bar chart from a Quinnipiac Poll in August: https://imgur.com/a/lHtPjJW
This graph shows that these types of polls are inherently inaccurate becuase Americans are answering according to their polical affiliation, not their actual economic situation. This graph also shows that the majority of democrats and republicans believe their current economic situation to be good.
An another reason why some Americans might be disgruntled is that wage growth across the US has been very uneven. This chart from the US Bureau of Labor Statistics shows that wage growth has not been consistent across the US: (https://www.bls.gov/charts/county-employment-and-wages/percent-change-aww-by-state.htm). Those living in an area of low wage-growth are probably less likley to believe the economy is doing well.
NYC, for example, has had consistently rising rents and only seen an average increase of 2.1% for wages. In contrast, Charlotte, North Carolina, has seen rents fall as much as 4.6% in some areas while having an average wage growth of 6.7%. Declines in rent in Charlotte are largely attributed to an increase in new housing. Link: https://charlotteledger.substack.com/p/charlotte-apartment-rents-fall-as?utm_campaign=post&utm_medium=web
So, it’s complicated. I think the democrats best move going forward is to hammer the republicans on things like abortion, and let the economy speak for itself.