After analysis, is the 2024 election really about the economy?
Real earnings is the average take home pay of workers versus the inflation of goods and services. It’s probably the most accurate sense of how the population views the economy. People feel great when they are receiving raises, new promotions, job switching etc and those earnings can cover stable monthly expenses. The opposite is also harshly true.
Looking at the real earnings comparison between the 2008 recession and 2021-2023 period, it’s clear that folks must have felt abysmal about the economy in these last 4 years. Shockingly worse than even the Great Financial Crisis, and in 2021 real earnings that workers realized dropped extremely hard and fast, and for a long period of time was negative. Probably the recovery has not been felt yet by the population, but it’s happening.
So ask yourself was this past election about the economy?