So I spent some time looking into this wage increase stuff and I did find this fun chart with inflation adjusted wages growing 2% in the last 5 years, that’s pretty paltry compared to the corporate profit increases. I’d bet that power imbalance is a large factor in consumer sentiment falling against otherwise good looking economic data.

By that logic we should only read last months data and forget the rest of history, but in reality people have memories and incorporate previous experience in their sentiment.

12 months is a poor timeframe to use for inflation when the most relevant data to consumers today is 2021-2022, and again fuel is required to function in the US which I don’t see in CPI making it a poor indicator for real finances. Really though my point is metrics can be manipulated to sound good or bad but ignoring consumer sentiment is foolish for a politician seeking to be elected by those consumers.

Which inflation rate are you quoting, the true rate including food and fuel or an abstraction that ignores those inelastic categories?

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Unfortunately cpuc has done nothing but allow rate increases, last I checked sdge has the most expensive rates in the continental us. Considering that with how shit the service has been I’d bet they are using that cash to pay regulators. I don’t expect this to go far but I hope it does because fuck sdge and cpuc

And when trump is elected I’m sure they won’t do everything in their power to arm Israel to the teeth with horrific weapons to use on those kids /s

There’s no incentive for US automakers to build cheaper EVs from this. This is just protectionism which is fine when China is subsidizing their production past the point of profitability, but this will still work against making American EVs more affordable.

Can’t wait to see how they stop the pedal from physically getting stuck in full throttle through software 🍿

You’re mistaken, I already live 45 minutes from my job. Moving further from that would be untenable because it would increase my commute by another 30 minutes which wouldn’t leave enough time for me to care for my father in the area.

I don’t think this is as important as your making it out to be because it’s not far off from the truth for many. The reality is that a condemned or empty lot in my area starts at 6 times my annual salary. To get something that can be lived in starts around 9 times. That means I need at about a year’s salary to afford the land alone. To be able to live on that lot is closer to 2 years salary. Realistically this won’t happen because the rent in the area is 60% of my income and after required expenses like fuel, insurance, food, etc I can usually save about 5% of my income. Any unforeseen expenses like car repairs eat that away, so I’m left with an annual savings rate of about 3%. At this rate homes will inflate faster than my income will accrue. The math doesn’t work and I suspect it doesn’t for many others.