Comments by "Marcus W" (@Mawyou) on "CNBC" channel.

The data wasn't manipulated. It's just the main things going up in price are things that you buy every day. So it's more noticeable. The prices of things like TV's are not seeing the same increase in prices. Also, people are expecting prices to go down when inflation goes down. But that's not how inflation works. Also, people don't realize that the massive wage increases they've been getting the past few years aren't for their "excellent performance" as emplpyees. It's a cost of living increase that gets them caught up with inflation. People notice the price increases and get angry, but don't seem to comprehend or care that their wages have mostly kept pace (or even surpassed inflation in the case of lower wage workers).
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Economic indicators do mean something. Most people's salaries have gone up quite substantially in the past few years. Most people are frustrated with the higher prices, but most people are not struggling. If most people were so short on money, companies wouldn't be able to keep raising their prices and bringing in record profits.
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@peterdangelo5882 Like they said in the video, the goal is not to make prices go back down. That wouldn't make any sense given that most people's wages have already gone up with the prices. The goal is to keep prices steady where they are now, so that people feel a sense of stability.
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@cmh19xx People praise capitalism, but then they want someone to blame when capitalism works the way its supposed to work.
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What does it mean to say the economy is horrible when most people are doing fine regardless of the higher prices? When these same surveys ask people about their own personal financial situation, most of them say they are doing pretty well. But at the same time, they believe everyone else is suffering.
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 @malachi- Thats actually not true. Just because someone says something doesn't mean it's true. Especially in the era of Trump-level exaggerations.
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 @ccchhhrrriiisss100 The people who say they were against Obama's policies can never seem to specify the policies they disliked. And when I say never, I mean never.
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@ccchhhrrriiisss100 You are backing up my point by failing to specify Obama "policies" you disliked. This is such a constant when Republicans criticize Obama, it has become a meme. In short, you don't like him because he is a Democrat and he is not on your "team."
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@ccchhhrrriiisss100 So in short, you disliked Obama because he was a Democrat (and supposedly far-left at that, which most political analysts would strongly disagree with). Therefore, because he was a Democrat and you are not, you proceeded to click "disagree with all" on his policies. Thanks for clarifying. Very constructive. Lol.
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@8MunchenBayern8 Job openings may have fallen to a 4 year low. But unemplpyment is also at a 40 year low. Leaving that information out is intentionally misleading. Like they said in the video, politics determines people's views of the economy more than the actual state of the economy.
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@Eye-Byte But mainly just tech because they over-hired during the pandemic.
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@Eye-Byte Like I said, that is simploy incorrect. The information you cited is 2 years out of date. Here in 2024 cululative inflation is 20%. And cumulative wage growth is even higher than that. Why are you citing information that is 2 years out of date?
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@malachi- No one ever said things are cheaper. Prices always go up. For all of history. Sure the more rapid worldwide price increases since Covid are annoying. But we continue to have the lowest inflation (yearly rate of price increases) in the developed world. And wage gains have surpassed inflation for the past 18 months. Americans are making more than they were under Trump, even adjusting for inflation. Hard to believe? Feel free to fact check me. Many have tried.
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@malachi- Food prices went up everywhere in the world. Why is that hard to comprehend? It's actually lower in the US than most other places, thanks to Dems. And wages have outpaced inflation, especially for low wage workers. I welcome all fact checks.
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@Dr.Frankensteen When good things happen under a Democrat, someone else should get the credit. When good things happen under a Republican, the Republican should get the credit. Sound about right?
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@Dr.Frankensteen Credit card debt will always be hitting all time highs, just like wages and the stock market. That is meaningless with no context. And yes people are making more when adjusting for inflation. 2 percent more than under Trump, after inflation. You know you can actually look this stuff up. There's a reason I invited you to fact check me. Please do.
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Yeah but now you've just turned fast food into an ordeal. It's no longer fast if you have to go through the app, look for the discounts and deals, and plug your whole order in one by one. It's just a huge annoyance.
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@brentmorrison3392 No one is changing anything. They use the same few measures they always have. The important part is to understand the difference and why they have the different measures.
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@brentmorrison3392 It's proportional to typical purchase frequency and price. It's about the price of a typical basket of goods. Yes, it changes every year, as it should.
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@brentmorrison3392 Why bother using information at all then. Nobody is equal to the average.
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@eggnogaddict6287 Those numbers are a little outdated.
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@eggnogaddict6287 Real wages are now higher than they were before the pandemic.
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@eggnogaddict6287 It's not 2022. We are in 2024.
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@eggnogaddict6287 2022 is not the most recent data we have. St. Louis Fed has all of that data going until the current day.
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@eggnogaddict6287 We have data going all the up until today. St Louis Fed's website.
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@eggnogaddict6287 The most recent data from the Fed is March of 2024.
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@eggnogaddict6287 On the Fed's website.
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@eggnogaddict6287 Of course. It's on the Federal Reserve's website under the heading real wages.
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@eggnogaddict6287 Of course. It's on the Fed's website. They've got a whole section covering real wages over time.
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@eggnogaddict6287 Yeah. It's on the Fed's site. Under real wages.
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@eggnogaddict6287 The same place you got your economic information. The Fed.
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@iguanamoat You're making a lot of assumptions based on gut feeling. Entire paragraphs of assumptions. Companies will raise their prices as long as we the consumer are willing to pay. That's capitalism.
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@eggnogaddict6287 The don't swap steaks for hamburgers. However, they may swap brand name steak for store brand steak, following actual consumer behavior.
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@eggnogaddict6287 What hotel charges $25 for wi-fi?
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@eggnogaddict6287 I travel quite a bit. Of the 10+ hotels I've stayed at in the past few years, I have never paid an extra fee to use the wi-fi, fitness center, or pool. I've never seen it. And I would refues to stay at a hotel that disrepectful to customers. The only time I've ever even heard of a fee for wi-fi at a living space was on a cruise, and I decided to go without it and just enjoy my trip. Where are these hotels that are charging extra for basic amenities?
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@mikezerker6925 The point is that most people are not broke. They are just frustrated from paying higher prices. But most people are also making a lot more than they did several years ago. Most people probably thought it was because of their good performance or their company just being "nice" to them. In reality, it was a market adjustment their companies maintain competitive pay to make up for inflation.
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@Eye-Byte Wages have been growing faster than inflation since the end of 2022. It's just a fact.
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@Eye-Byte Are we going by youtube comments or data to judge the state of the economy 🤔? The data you provided is incorrect.
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 @notyourtypicalfarah7194 That is simply false that incomes have only gone up 4%. Have you seen how much McDonald's workers are making nowadays?
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@RandomRabbit007 Because the economy consists of vastly more than just groceries and gas. And people's wages have been going up, but they are still frustrated about having to pay more. Meanwhile, these companies are hitting record profit quarter after quarter, year after year. Inflation still exists because consumers will just continue paying the higher prices and blame Biden for the conduct of the corporations using "inflation" to rip them off. It's a self-perpetuating cycle.
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@Dr.Frankensteen I'm sorry, but that is just plain false. The 2% increase in real wages number is over Biden's entire term. It is not hard to find this information. Also, wealth may be a bit lower, but you assign blame to Biden who had to deal with the pandemic cleanup while assigning little or no blame to the guy to mishandled the pandemic in the first place. And we still performed far better than any other country, thanks to Democrats. And if you are going to say the inflation numbers are wrong, then the numbers were also wrong under Trump. You can not keep having double standards where you assign credit or blame selectively depending on who is in power, we are not children. Democrats always take over clean up the Republican's mess, all while taking contant cynical complaints from Reoublicans that they are not fixing it "fast enough". Then a Republican comes in and takes credit for the repairs. Clinton, Obama, and Biden all went through it. It's a pattern.
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@ccchhhrrriiisss100 No, history has not "shown them to have been bad." Just because Republicans and some Democrats decided they don't like them. That is your opinion that they were bad. And saying you liked Obama's personality does not mean you "liked Obama," especially when you feel every action he did was bad for America. Lol. C'mon man, who ya think ya foolin? How about we simply your arguments. No to Democrats, no to Republicans, yes to whatever Trump or Desantis happen to think is the right move. I think that pretty much sums up your position.
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@beycarter1860 So in other words, you're just making up rules on the spot as to who should for special tax treatment to match whatever DeSantis wants. How creative. The Republican Party: pro-business.... unless those business partake in free speech Republicans don't like. More like the party of my way or the highway dictatorship. Pretending to be pro-business and pro-free speech.
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@Anurania Definitely more than just the fist time. Ordering through all the different food menus on the app is way, way, way less efficient then when they can plug in the entire order on their screen in 10-15 seconds. In my experience, the app is only faster if you're duplicating your last order or two which are saved in the app. And like you already said, you do have to search for the available deals just to make it worth going in the first place. You're right about not having to stand in line, but standing in line was never the main issue. And you still have to wait for your food unless you order ahead of time.
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@benjaminfranklin4760 Why do Republicans like to say that Democrats are brainwashed? Is it wrong to want to help the little guy? What you call "socialism" is just a natural human emotion to want other people to do well.
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Say again?
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