4bars
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- Feb 10, 2016
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Most people perceive interaction with "the economy" in two ways, prices and the job market.
While inflation has slowed down, it's not like prices have returned to pre inflation levels (they rarely do). So most people still see higher prices everywhere and feel inflation even if the rate isn't high anymore.
And I believe a lot of the job growth is due to minimum wage type low income jobs. Meanwhile many tech companies and others have done a lot of layoffs over the last 12-18 months. So a lot of good jobs disappeared only to be replaced by low paying ones.
So I bet most people don't perceive the economy as booming for them. The benefits are all going to the top not felt by the middle.
Actually the majority of he salaries are growing faster than inflation since november