I had 3 employees who made more than I did last year within my business, so they don’t think I stink as a business owner. In 2021 they pay more of a percentage of their pay for rent, cars and food than they did in 2000. GDP and stock market gains go to the rich people, so it doesn’t surprise me that people think they way you do, since you obviously think what the rich make means it’s better for everyone. Trickle down economics has never benefited the poor people in America and they have always consistently fell behind. Rich and upper middle class people absolutely do better under democrats and republicans. You must love trickle down economics. Not sure why you’re even a democrat honestly.
You're conflating two different factors of the economy into your failed argument against the fact that it has been better under Democrat admins since 1947.
Inflation is tied to the economy and changes with it. You're talking the Cost Of Living (tracked by the CPI), which is not directly tied to inflation.
The Cost Of Living has risen over time, as have the wages we earn. If a person is paying more for something today than they did several years ago, it's because their wages have not increased to match the increasing cost of goods they buy. That means their employer is not giving them (at the minimum) a Cost Of Living Adjustment to match the change in the prices of the "market basket" (an amalgam of commonly purchased goods).
If your employees' Cost Of Living has gone up, then you should be giving them COLA raises so they are not earning less every year as consumer goods prices go up.That's what a good boss does (at the minimum).
Based on this quote "
In 2021 they pay more of a percentage of their pay for rent, cars and food than they did in 2000", you are not doing what a good boss does.
That stinks.
"Trickle down economics" has nothing to do with a good economy affecting the rich and trickling down to the poor. TDE means cutting taxes for the rich with the hope that they will pump that saved money into the economy and it will eventually make it to the lower class via new jobs. The hitch is that it doesn't work as has been evidenced most recently under Reagan, Bush, and Trump with their tax cuts that failed. They were Republicans. Perhaps a coincidence?
Stock market gains, increased US production of goods (GDP), a favorable CPI, increased housing starts, and favorable interest rates only affect the rich people? None of that stuff affects the average Joe employee?
Sounds like you don't know a whole lot (if anything) about the average Joe employee, or the economy...
BTW - Who ever said I was a Democrat, except your ASSumption?
