Quote:
Originally Posted by Did you just call me Coltrane?
I think a lot of us are in an economic bubble where we can mostly absorb increased prices of groceries, fast food etc. - it's annoying, but it doesn't really change how we live (although I still bitch about the cost of going out to dinner).
I think there are less than us than we think.
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I agree, 100%.
For the past couple of years, I have been quick to say I don’t see inflation. I also happen to live in a neighborhood where everybody drives a very expensive car, and lives in a big house. My reality is hanging out with people who all have college and graduate degrees, and earn a lot of money.
Back in the early 2000s, I would write, often here, that the little people just have to adjust themselves to globalization, and that they will lose jobs until the price of labor abroad reaches parity with that of domestic labor.
What an outrageously arrogant person I was. And how deluded, as well. I thought these people would just disappear. They would simply take their lumps, and fade away.
Inflation is very real for the average Joe. Things are more expensive, regardless of whether you or I notice.
The biggest lesson of this election is that the upper echelon of the Democratic Party need to stop engaging in a giant circle jerk where they analyze everybody outside their bubble using their own favored metrics. Apparently, navel gazing, and talking back back-and-forth with your affluent and frequently maleducated friends does not give you a clue as to what the rest of the country has in its head.
How shocking.
