Politics Magazine

Most Americans ARE Better Off Than Four Years Ago

Posted on the 05 November 2024 by Jobsanger
Most Americans ARE Better Off Than Four Years Ago
The GOP is once again trying the old line "Are you better off than four years ago?". I don't think it's working this time. Four years ago we were in the midst of a pandemic with thousands of people dying each week.

But even if we disregard the pandemic, things are better for most people. Yes, there has been inflation, but wages are up for most ahead of inflation. 

The only people whose wages are not up are the minimum wage workers, who continue to work for poverty wages. But that's not the fault of Democrats. The Biden/Harris administration tried to raise the minimum wage to a decent level. They were blocked by Republicans who want to keep the minimum wage at $7.25 an hour.

The economy could be made fairer (and Democrats would like to do that), but the economy is strong - stronger than in any other nation (including the developed democratic nations).

Trump claims he would be better for the economy, but most economists agree that his tariffs and tax cuts for the rich would make the economy worse - not better.


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