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I am in the tech sector, and all these rosy job reports are for service jobs and government. It fails to acknowledge that good white-collar jobs like tech, etc., have continued to perform poorly since 2021. The problem is that the perception is that things were great for tech during the Trump administration and contracting and declining during Biden. It's not Biden's fault, per se; however, that's the impression everyone gets, who is in the office, and what my job market is. Here is the breakdown "Restaurants and bars added 69,000 jobs. Health care companies gained 45,000, government agencies 31,000, social assistance employers 27,000 and construction companies 25,000. A category that includes professional and business services added 17,000 after having lost jobs for three straight months." |
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If Trump had won, it would have been pay to play for the vaccine and he an his cronies would have bankrupted the country with more unfettered PPP "loans." Putin would have just finished the job in Ukraine leaving it stranded and no gates to Europe - and Trump would not have honored the NATO treaty and left Europe to fend for itself. The Palestinians would already be completely gone by now as well. But hey, the billionaires would be trillionaires and the taxes on the lower and middle classes would be paying for it. |
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Well looky what we have here
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I have notice prices coming down at retail stores recently. Target in particular has been "correcting" prices down quite a bit especially in groceries and housewares. I'm a super cost conscious shopper and do pretty much all the buying for our family. Grocery prices peaked about a year ago and have been coming down incrementally since then. Even on items where prices have stayed high (like eggs) most retailers have introduced a midprice option to address that issue. So even at Whole Foods where you can still easily spend $10-15 on a dozen eggs they will have an option that is $4. Also a lot of stores have used this as a way to steer customers towards their store brand items by offering those for very close to what they were prepandemic. For instance on canned goods you will continue to pay a 50-100% increase on items like beans or tomatoes over 2019 except the store brand will now be a much more modest 10-15% increase. So while a premium brand of crushed tomatoes could now be $7 (versus $3.50 before) you will pay just $3 for the store brand (versus $2.50 before). I think it's taking some time for people who don't watch prices like a hawk to notice these changes (and it also takes time for them to realize the alternative pricing and switch from premium brands to get the more affordable pricing -- consumer habits can be notoriously hard to shift). I also think people who live in more rural areas with fewer grocery options are seeing prices decline slower because the stores can get away with it. Which is where Harris's proposals around price gouging *should* be resonating because that's not inflation -- it's run of the mill consumer exploitation on staple items. |