#but a tariff on everything? 10/10 economists agree that's a batshit stupid idea
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medicinemane Β· 12 days ago
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One major major problem in the world is just that the common person kinda doesn't see any benefits from companies in their country doing well, the economy has become kinda totally decoupled from standards of living (like the US economy has been killing it the past few years... being an american though... not seeing much of that)
Examples, the most obvious one is how the stock market can be going wild and meanwhile it just gets more expensive to put food on the table. Economists tend to act like the stock market is such a good indicator of how a country is doing but... ordinary people just don't see the returns
Second example for the US, we've been exporting so much liquefied natural gas ever since russia invaded Ukraine. You look at the charts and our sales just skyrocket... how much has that helped actual people?
My example here is how when companies find cost saving measures, how often is that passed onto the consumer. Whether it's through deregulation, or firing staff, or something actually positive like figuring out a more efficient method of doing something... how often does it get cheaper? Cause honestly if anything they seem to tend to raise prices because of how much "better" it is (Arizona Ice Tea is like the one exception, they worked hard to keep their price low. I don't even drink their stuff and I'll still sing their praise)
And yeah, this is about the US, but I feel like this is true for most countries
My honest thought on why this has become so decoupled is that most of the money these days ends up being captured by upper management types and shareholders (like you see these companies making record profits and yet... are their employees any better off?), but... honestly my point in this post isn't to say why, it's just to point it out
Cause can you look at how the US economy is currently doing (insanely good) and tell me it has anything to do with how most americans are doing?
And again, I feel like this really isn't just a US problem, I feel like a lot of countries, their companies might be doing well and the "economy" might be doing well, but everyone in the country is doing really poorly
Just some thoughts... it's not like any of us are policy makers, but it's just some thoughts any time I listen to stuff about economics
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