economy Articles
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Inflation is holding strong as a defining economic issue for voters in 2024. Since Biden and Harris took office, reports show consumer prices have risen more than 20%. Americans feel very little hope for relief if trends continue. Online discussions show strong dissatisfaction among all voters, though with some partisan disagreements about who is at fault.
If you made $100,000 a year when Biden-Harris took office...
— John LeFevre (@JohnLeFevre) October 10, 2024
Congratulations, you now make $83,000 a year.
Vote accordingly. pic.twitter.com/WAV2dI7m47MIG Reports analysis shows:
- 64% of overall voters blame Biden and Harris for the current economy.
- 72% of Americans are unhappy with current wages relative to the cost of living.
- 59% express feelings of financial helplessness due to rising costs.
Data from Federal Reserve Economic Data justifies the negative sentiment Americans express with Consumer Price Index (CPI) trends during the Biden-Harris administration:
- The cost of All Items rose 21% from 2020 to today.
- Food at Home surged 25%.
- Medical Care costs have risen 10%.
- Rent for Urban Consumers rose 24.8% during the current administration.
Americans feel inflation as more than a statistic—they feel it as a daily reality. Discussions on social media overwhelmingly focus on the struggle to cover basic needs like groceries, housing, and healthcare. This is where 72% of voters express dissatisfaction with wage levels relative to inflation. Conservatives are often most vocal, viewing inflation as a consequence of Biden-Harris economic policies.
Wages Aren’t Keeping Up
The mismatch between rising prices and stagnant wages is further driving voter frustration. While the government reports nominal wage gains, increases are swiftly negated by inflation. Bureau of Labor Statistics data shows median weekly wages reached $1,151 this year. However, when adjusted for inflation, purchasing power is equivalent to just $946 in 2020 dollars. This gap between nominal and real wages highlights the tangible quality of life strains Americans feel.
MIG Reports data shows:
- 48% of economic discussions mention wage stagnation.
- 60% are skeptical of government statistics on job growth and wages.
Many Americans feel they’re being lied to about the state of the economy—though this sentiment is more common among Republicans. Voters say the so-called wage increases mean nothing when they cannot afford the same expenses they did four years ago.
Partisan Political Blame
Overall, Americans are unhappy about the economy. Most blame the Biden-Harris administration for rising inflationary pressures, but there are partisan divides. Sentiment is strongest among Republicans with 84% blaming Biden-Harris as the primary source of economic hardship.
Republicans
Inflation and the economy are top issues for Republicans, along with border security.
- Economic Mismanagement: Republicans view Democratic policies, particularly the American Rescue Plan and Inflation Reduction Act, as directly fueling inflation. They believe these measures injected too much money into the economy, benefiting government and corporate interests at the expense of citizens.
- Support for Trump: 85% of Republican voters intend to vote for Trump, saying his policies manage economic issues more effectively. They often cite pre-COVID quality of life, calling for “America First” policies that reduce government spending.
- Distrust of Government: 55% of Republicans are skeptical that a Harris administration would implement any substantial policy changes. They view the government’s attempts to combat inflation as ineffective or exacerbating.
The dominant tone among Republicans is one of anger and distrust, with many voters convinced that a change in leadership is the only way to address the rising cost of living.
Democrats
Many Democratic voters defend Biden’s economic policies, citing wage growth and job creation, though some acknowledge the ongoing challenges of rising costs.
- Economic Optimism: 25% of Democratic voters highlight Biden-Harris efforts to address inflation, pointing to initiatives like the Inflation Reduction Act and the American Rescue Plan as positive steps. They say inflation is now under control.
- Blaming Trump: 60% blame inflation on Trump’s legacy, specifically citing his tax policies, trade wars, and COVID-19 policies. They view Biden and Harris as working to fix problems inherited from Trump, not creating new ones.
- Frustration Over Jobs: However, 15% are skeptical about whether Biden-Harris initiatives will make lasting improvements. They acknowledge positive job reports but worry about wage growth. Tim Walz in particular is facing state-level criticism for perceived mismanagement.
The Democratic voter base is split between those who defend the administration and those who are frustrated by inflation and stagnating wages. The largest theme is defensiveness, as many say the highest priority is preventing a second Trump term.
Independents
Discussion among Independents is low, but most express disillusionment with both political parties. Many directly blame Democrats, but there is not loss of criticism for Trump as well.
- Economic Frustration: 62% focus on rising costs of living and the strain of inflation on average American families. There is urgency and a call for immediate action to slow skyrocketing prices.
- Kamala Blame: Many Independents criticize Harris for not addressing the inflation crisis effectively in the last four years. They say she mismanaged the economy as well as immigration, which impacts both economic strain and public safety.
- Poor Disaster Response: 25% criticize inequities in government support following Helene and Milton. Many voice discontent over the federal government prioritizing illegal immigrants over American citizens affected natural disasters.
Economic Discontent Drives Votes
With Election Day less than a month away, economic discontent is likely to influence voter behavior. Trump is poised to capitalize on this frustration, especially in swing states where economic concerns are a high priority.
Predictions
- Republican Turnout: Many expect high voter turnout among Republicans, particularly in suburban and rural areas hit hardest by inflation and stagnant wages.
- Few Swing Votes: Independents and moderates, though disillusioned with both parties, may swing Republican if Trump maintains strong economic messaging and Harris continues to fumble media hits.
- Economic Discontent: If Americans continue to feel individually impacted by economic conditions, they are likely to lean further into a change platform. Mixed messaging from Biden and Harris on Harris’s track record and future plans will likely push voters toward Trump.
11
Oct
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The Israel, Iran, Ukraine, and Russia conflicts are wearing on the American people. There is now a shift in landscape of voter sentiment regarding these foreign issues. Even those who consistently support U.S. involvement in international conflicts are now expressing frustration our government prioritizing foreign aid over domestic needs.
While a minority still advocates for aggressive military responses, particularly in defense of Israel and as a deterrent to Iran, the emerging consensus is that America’s resources should be used on domestic priorities like inflation, disaster recovery, and the welfare of citizens.
- 42% of voters support military action
- 40% oppose foreign aid
- 18% criticize ongoing foreign conflict
Financial Burden
A recurring theme in voter discussions is dissatisfaction with the billions of dollars streaming into foreign countries like Ukraine. Americans view this as a prime example of how U.S. leadership, particularly the Biden administration, prioritizes other countries over Americans.
Some compare $24 billion allocated to Ukraine with the pitiful financial relief provided to Hurricane Helene victims at home, voicing frustration. Citizens decry high inflation, gas prices, and insufficient FEMA aid, questioning the rationale for continued military support abroad.
Economic concerns fuel much of the opposition to foreign aid and military engagement. People see a disconnect between the billions sent abroad and the financial hardships Americans face. Voters want U.S. military and financial resources to be used for domestic issues like inflation, unemployment, and disaster relief.
Americans say funding conflicts in Ukraine, Israel, or elsewhere is a betrayal of American taxpayers. The phrase “America First” resonates strongly in these discussions, emphasizing a desire for the government to refocus its priorities on the welfare of its own citizens.
Not My Monkeys, Not My Circus
Public sentiment around Israel also reveals deep divides. While there is still significant support for Israel's right to defend itself against threats from Iranian proxies like Hezbollah and Hamas, this pro-military stance is shrinking.
Many advocates view Israel’s aggressive military tactics as necessary self-defense, especially in the face of recent missile strikes from Iran. However, the conversation now criticizes U.S. military aid to Israel, calling out the humanitarian crises in Gaza and Lebanon, and questioning whether these actions truly align with American interests.
Views or Iran are similarly divided. Some say a growing military presence and missile strikes against Israel is justification for a more aggressive U.S. response. Others call for diplomacy and caution.
Pro-military action views say the Biden administration’s softer approach emboldens Iran, escalating tensions. They say the Trump administration’s stringent sanctions would have prevented these dangers.
However, many are voicing opposition to further involvement in the Middle East. People perceive U.S. involvement as expensive with little benefit to the average American.
America FIRST
Overall, Americans indicate desire for a shift towards prioritizing domestic economic stability over foreign engagements. The pro-war perspective, once dominant, is now being overshadowed by calls for the U.S. to address its own challenges before intervening overseas.
This sentiment reflects a growing awareness that America’s long-term stability may be in jeopardy. Voters want to do everything possible to secure their own futures before extending support abroad.
08
Oct
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American conversations about the recent Bank of America outages and other digital platforms like Spotify, Verizon, and PlayStation are worried. The clear pattern is that modern reliance on digital services and the systemic vulnerabilities that come with it feels precarious. Important technologies going offline, consumer frustration, anxiety, and skepticism are amplified, signaling wider problems beyond isolated technical failures.
Voter Reactions
- Frustration: 60% of voters express frustration with the outages.
- Anxiety: 30% worry over personal and financial security.
- Trust Erosion: 65% indicate a loss of trust in increasingly fragile technologies.
- Public Outcry: 25% actively take to social media, amplifying these concerns.
Reactions to Bank of America
Bank of America’s outage is a particularly striking example, with many customers seeing their balances temporarily reset to zero. This triggers widespread panic and dissatisfaction, with 70% reporting heightened financial anxiety.
Trust in banks is dwindling, with consumers questioning whether the outage reflects serious issues with technology stability. Many customers voice their intentions to switch banks, with around 30% exploring alternatives. This includes fintech solutions and credit unions. Despite reassurances from the bank, only 20% find these responses credible.
The Broader Perspective
The outages, however, extend beyond just Bank of America, reflecting a larger and more unsettling trend. These failures across industries—from financial institutions to entertainment and telecommunications—point to a fragile technological ecosystem that people heavily rely on for managing their daily lives.
As tech platforms fail, even temporarily, they challenge the security and reliability of our increasingly interconnected world. Consumers are left questioning whether companies, in their rush toward digital transformation and cost-cutting, are compromising service stability. Many also point to the drastic issues of lost power and internet in hurricane zones, praising Elon Musk for providing Starlink and criticizing the government for its failed efforts.
Recurring serious and suspicious outages cause Americans to call urgently for transparency and reliability. The emotional response to these outages—ranging from anger to helplessness—shows these service disruptions are not just technical glitches but serious safety concerns. In an age where banking, communication, and entertainment are digitized, people expect seamless service. When this system falters, it triggers a cascade of doubt, not only about corporate responsibility but also about the fundamental infrastructure supporting modern life.
05
Oct
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MIG Reports analysis of voter sentiment on economic issues shows a clear pattern: Trump > Harris. Across numerous samples and economic topics, Americans voice their strong preference for Donald Trump’s policies and leadership.
Inflation
Inflation remains a central point of frustration, with 55% of voters in the MIG Reports sample favoring Trump’s policies. They cite his administration's ability to maintain lower costs of living and greater community safety. In contrast, only 18% expresses support for how Biden and Harris handle inflation, while 27% remain uncertain or neutral.
America First
Government spending draws even stronger criticism toward Democrats. While 65% support Trump’s fiscal policies, only 14% back Biden-Harris spending strategies. Many accuse the administration of prioritizing foreign aid over domestic needs. Sentiment is particularly strong in discussions of the misallocation of taxpayer dollars and recent government responses to Hurricane Helene. Americans are frustrated that economic assistance is sent liberally abroad while middle-class hardships remain unaddressed.
Taxation
Taxation is another hot topic, with 60% preferring Trump’s tax cuts, especially for the middle class and businesses. Only 20% view Harris’s proposed tax increases favorably. Skepticism runs high, with many believing the tax plans would burden the middle class further rather than provide relief.
Open Border Effects
Illegal immigration continues to dominate the economic discourse, with 55% arguing lax border policies under Biden and Harris exacerbate job competition and strain public services. Only 12% support the administration’s approach to immigration, and 33% are uncertain about its economic impact.
Executive Leadership
Leadership emerges as a stark contrast between the candidates, with 70% voicing confidence in Trump’s leadership on the economy. People view him as a more pragmatic and business-oriented leader. In contrast, only 15% support Harris’s leadership, with many criticizing her as disconnected from the economic struggles of everyday Americans.
03
Oct
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A looming East Coast port strike is stirring significant debate, particularly the potential economic and political impact. Longshoremen up and down the East Coast plan to strike starting Tuesday. Many view a strike as both a labor issue and a critical election issue which could shift voter sentiment in favor of Donald Trump.
I warned about this days ago.
— Rep. Marjorie Taylor Greene🇺🇸 (@RepMTG) September 29, 2024
Longshoremen voted to strike, they walk out Tuesday.
85,000 dockworkers from Maine to Texas. Will impact 36 ports and all imports & exports from Maine to Texas!
This could get rough.
pic.twitter.com/w5gqxSfzthMIG Reports data shows voter discussions revolve around economic concerns, instability, labor relations, and political leadership. A clear sense of discontent toward the Biden-Harris administration threads through most of the discussion.
Voter Reactions to a Port Strike
Many Americans express fear of severe impacts caused by a union strike. In the wake of hurricane Helene, many in states like North Carolina and Tennessee are already struggling to get fuel—and a strike will likely cause supply issues for many more.
This is the line for gas at Sam’s club in Aiken South Carolina.
— 🇺🇸🎙Chad “ThugZilla”Caton🎙🇺🇸 (@ImFiredUp2) September 30, 2024
With the ports on strike and devastation from hurricane Helene…….
This will be national wide by Friday.
Be vigilant, be safe, Be smart
vote Trump come hell or high water!! pic.twitter.com/TddfHySx9IAmong the top discussion themes, Americans mention:
- Fear of supply chain disruptions and inflation.
- Blame toward Democratic leadership, specifically Joe Biden and Kamala Harris.
- Growing Trump support, with sentiments that a strike could increase turnout, especially among blue-collar voters.
- Working-class and rural voter frustration points out issues of job security and wage stagnation.
Economic Impact and Political Fallout
Americans voice growing anxieties about the economic consequences of a dock worker strike. Concerns about rising costs, inflation, and supply chain disruptions are rampant. Voters, especially from working-class backgrounds, are growing more frustrated with the Biden administration, which they perceive as failing to address pressing labor issues.
Blame for Democrats
Most people talking about the impending strike blame Biden and Harris, with 50-60% holding them responsible for economic mismanagement. While labor unions and corporate entities also receive criticism, current political leadership takes the brunt of the blame. Americans express frustration over ineffective policies that exacerbate economic uncertainty.
Increased Support for Trump
A consistent trend of hostility toward Democrats indicates a port strike would likely energize Trump’s base—especially blue-collar voters who feel abandoned by Kamala Harris. Many middle- and working-class Americans view Trump-era economic policies favorably, expressing nostalgia for his leadership. Many believe Trump will more effectively address their economic challenges, driving discussions about voter turnout in his favor.
Demographic Patterns
Working-class voters, particularly in rural areas and port cities, dominate the discussions. Anyone directly affected by potential job losses and economic disruptions are the most vocal about their dissatisfaction. While older voters focus on labor rights and economic stability, younger voters express frustration with the political system as a whole, demanding more meaningful change.
01
Oct
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Billionaire businessman Mark Cuban went viral for saying inflation was not caused by "price gouging," defying the Democratic platform, for which he is known to act as a surrogate. He said on CNBC that unprecedented levels of government spending on things like the Inflation Reduction Act, for which Kamala Harris was the tie-breaker vote, are the true cause.
OMG. Mark Cuban accidentally admits the truth, says inflation was not caused by "price gouging," but rather record spending (which Kamala was the tie-breaking vote on.)
— johnny maga (@_johnnymaga) September 26, 2024
Kamala's top surrogate just blew up her entire economic message. Incredible. pic.twitter.com/HcwBLgYo6xMIG Reports data shows Democratic views of inflation in two categories:
- The seriousness of inflation
- How talking about inflation impacts their candidate
Discussion among Democrats is carefully crafted to maintain voter confidence and achieve electoral success. Rather than a straightforward engagement with the economic realities Americans face, inflation becomes a rhetorical tool used to shift blame, deflect responsibility, and bolster the Democratic Party’s campaign narrative.
In recent interviews, Harris herself has deflected from answering questions about the economy, price gouging, inflation, and how she plans to help Americans.
What does this even mean…?
— Gunther Eagleman™ (@GuntherEagleman) September 25, 2024
Kamala Harris: "Well if you are... hard working... if you... have... uh... the dreams and the ambitions and the aspirations of what I believe you do, you're in my plan." pic.twitter.com/vgnZpe1EKuAmong Democrats:
- 40% blame Trump for the economy
- 25% acknowledge the negative state of inflation
- 19% express economic concerns
- 16% frame the economy as doing well
Glossing Over Inflation: A Strategic Approach
Democrats often acknowledge inflation, but the depth of that engagement varies. Many gloss over or reframed it as a problem inherited from the Trump administration. They frame the Biden-Harris administration as stabilizing the economy in the aftermath of Republican mismanagement.
By casting inflation as a residual effect of Trump’s policies, Democrats downplay the immediate economic concerns of Americans in favor of campaign messaging about aspirations and hope.
This approach is particularly evident in the way Democrats focus on government job reports, stock market gains, and a gradual decrease in gas prices. These elements distract from inflationary pressures, suggesting the current administration has things under control. However, Harris risks alienating voters who are directly impacted by rising costs of living, from groceries to housing.
Electoral Victory Over Economic Engagement
Many Democrats also prioritize winning the election over finding immediate economic solutions. Discussions show a focus on preventing a second Trump term rather than addressing the root causes of inflation for American voters.
Casting blame on Republicans reveals a defensive posture, with Democrats more concerned about economy narratives than offering actionable solutions. This allows them to use inflation as a talking point against Trump rather than as a policy issue in need of immediate attention.
The strategic deflection of blame reduces urgency and accountability to the American people. Instead, economic discussions are geared toward mobilizing voter sentiment, often simplifying complex financial realities into digestible, partisan soundbites. This reliance on political calculation places importance on a second Democratic administration over answering voter concerns.
Real Voter Concerns
While Democrats are clearly using inflation as a political tool, there are some expressing genuine concern about its impact on middle-class families. There is particular focus on housing and food costs for lower income Americans.
However, even these concerns are often accompanied by broader narratives of economic success under the Biden-Harris administration. By emphasizing solutions like tax credits or small business support, Democrats frame a positive electoral message rather than presenting them as pressing crises.
These trends create a dual narrative in Democratic discourse where some are forced to acknowledge the economic pain of voters, but quickly pivoting political messaging that downplays its severity. This tension between caring about economic realities and pursuing political success is a central feature of Democratic discussions on the economy.
Polarization and the Use of Blame
Partisan rhetoric drives Democratic conversations. By consistently blaming Trump, Democrats simplify the conversation, framing it as a political battle rather than a serious issue. This shifts voter attention away from current failures and pushes a narrative that a Harris administration would bring change.
This tactic, while effective in galvanizing the base, is also dismissive of the real economic challenges voters face. The risk here is that by leaning too heavily on partisan blame, Democrats may lose the opportunity to connect with voters.
30
Sep
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American are navigating a period of economic uncertainty. Concerns focus on inflation, political distrust, and a volatile job market. Voter discussions touch on underlying causes and point to specific demographic trends and emotional reactions. In a critical election year, emotions are high, and negativity soars with living costs.
The level of uncertainty in the US consumer is at an all time high, per Bloomberg: pic.twitter.com/1FmUd36XY7
— unusual_whales (@unusual_whales) September 26, 2024Causes of Economic Uncertainty
Inflation dominates consumer discussions, with the rising cost of living—particularly for groceries, housing, and energy—sparking widespread frustration. About 65% discuss concerns about inflation, saying wages are not keeping pace with increased costs.
Around 58% are skeptical toward government policies, especially those championed by Democratic candidate Kamala Harris. Americans blame the Biden-Harris administration for exacerbating economic struggles with ineffective fiscal strategies and tax policies.
People are also worried about the job market, taxes, and competition from foreign workers. Roughly 70% of voice concerns over rising taxes and their impact on middle-class and small business owners.
Effects of Economic Uncertainty
As inflation climbs and trust in leadership erodes, consumers respond by adopting more cautious spending habits. Many hesitate to make large purchases or increase consumption, reflecting a broader trend of economic retrenchment.
Nearly 20% of comments indicate a “survival mentality,” where saving takes precedence over spending due to uncertainty. This economic anxiety also drives political engagement, with approximately 25% supporting Donald Trump, citing better living during his administration.
Demographic Complaints
Middle-class Americans are the most vocal demographic in discussions about economic uncertainty. Around 60% of middle-class households say they struggle with rising costs and property taxes.
About 20% of discussions come from small business owners who fear taxes and inflation will devastate their operations. Younger voters, while less supportive of Trump, express disillusionment with both parties. Working-class voters speak primarily about job security and the erosion of union rights, representing 40% of the discussion.
Patterns in Reactions
Many Americans are dissatisfied with government policies. Around 60% express frustration over the Biden-Harris administration's policies for inflation, healthcare, and border control. Emotional polarization, amplified by political distrust, frequently results in blame for political figures.
Roughly 15% view the government as corrupt, saying political leaders intentionally exacerbate economic instability for their own gain. Amid this polarized landscape, many consumers yearn for change, with 52% advocating for a return to Donald Trump’s leadership as a corrective measure.
29
Sep
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Boeing, a titan in the aerospace industry, finds itself in ongoing PR and legal battles. The recent departure of its defense chief and the new CEO shaking up the company’s top ranks come at a time when Boeing is already under immense pressure. Years of safety concerns, labor disputes, and questions about leadership have eroded public trust.
Leadership Instability and Strategic Direction
Boeing’s defense chief stepped down—a significant moment for the company. Leading one of Boeing’s most critical divisions, the defense chief was responsible for overseeing projects that are essential to both U.S. military capabilities and space exploration. The departure forces a reposition of the defense unit, which faces its own operational delays and controversies.
The new CEO Robert “Kelly” Ortberg’s decision to overhaul top leadership further signals Boeing’s internal dynamics in turmoil. While these changes could provide an opportunity for renewed focus, they also raise concerns about stability and continuity in a period where consistency is vital.
Investors and stakeholders are closely watching these moves, but there is skepticism about whether leadership changes alone can address deeper structural problems.
Boeing’s reputation has been marred by high-profile crises including:
- Multiple airplane failures and safety events
- The Starliner experiencing failures, leaving astronauts stuck in space
- Court battles and multiple dead whistleblowers
- Speculations about corporate corruption
- Damaging DEI initiatives which compromise safety and quality
- Layoffs and a perception that Boeing does not value its workforce
Now, any minute misstep by the new CEO could worsen the company’s precarious standing.
Safety and Profitability
A long-standing criticism of Boeing has been its perceived focus on profits over safety, a narrative which has intensified in recent years. The leadership changes, rather than reassuring the public, have only heightened fears that Boeing will continue down a profit-driven path at the expense of safety.
High-profile safety issues—such as those related to the 737 MAX aircraft—remain fresh in the public’s memory. Americans are increasingly vocal about Boeing’s need to overhaul its safety protocols, especially in contrast to competitors like SpaceX, which is often praised for its attention to safety.
Boeing’s relationship with the FAA has also caused scrutiny. Many perceive the FAA as lenient toward Boeing, particularly in contrast to perceived hostility toward SpaceX, fueling public frustration. Critics argue Boeing has not faced sufficient accountability for its safety lapses, and many fear that unless the new CEO addresses this issue head-on, Boeing risks safety, alienating regulators, and destroying the quality of air travel.
Labor Relations and Workforce Morale
Boeing also struggles with labor relations as layoffs, a hiring freeze, and 30,000 worker strike generates negativity. Many say the company’s actions, which leadership frame as necessary to safeguard its financial health, simply undermine workers—especially union employees.
Top executives continuing to receive substantial compensation also angers workers and the public. An infamous $45 million “golden parachute” awarded to a recently departed CEO symbolized the disconnect between Boeing’s leadership and employees.
Public and Investor Sentiment
The observing public’s sentiment toward Boeing is overwhelmingly negative. People express frustration about leadership decisions, safety hazards, and labor relations. Voter discussions reflect widespread skepticism about any prospect of meaningful change. There is a growing sense that Boeing’s issues are deep and systemic with few signs of change.
From an investor perspective, Boeing’s instability is a major concern. The company’s ability to innovate and compete—particularly against rising competitors in commercial aviation and defense—are tied to how effectively it manages this period of transition. If Boeing fails to improve its operational performance and address ongoing labor and safety issues, investor confidence could falter, leading to further financial strain.
25
Sep
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Recent layoffs and discussions about low hiring in the U.S. job market dominates voter conversations, according to MIG Reports data. Americans indicate their personal experiences with the economy shape their reactions to job reports. There continues to be significant division between those who perceive the job market as improving and those who believe it is deteriorating.
Data suggests public sentiment based on the language voters use to communicate their experiences. MIG Reports analysis coincides with a recent study from the Challenger Report showing 193% more job cuts from July to August 2024.
BREAKING: Hiring in 2024 is at a historic low, per CNBC + Challenger.
— unusual_whales (@unusual_whales) September 20, 2024Overall Sentiment Breakdown
The job market in 2024 elicits polarized reactions:
- 55-62% of Americans express negative views, largely shaped by their personal financial struggles and the impact of inflation.
- 31-45% hold an optimistic outlook, focusing on macroeconomic indicators such as job creation, wage growth, and a strong stock market.
Despite some optimism, doubt and discouragement dominates voter discussions, particularly among those who distrust economic data or feel the government is not addressing the real economic issues Americans face.
Worker Perception of the Job Market
Most Americans in 2024 view the job market negatively. Many cite inflation, economic instability, and poor job quality as key concerns. Workers feel disconnected from the administration’s reports of macroeconomic success, pointing instead to personal struggles with rising living costs and job instability.
For struggling Americans, the realities of layoffs and stalled hiring directly affects their day-to-day lives. Personal accounts of job loss are also permeated by mentions of paycheck-to-paycheck living and eroded purchasing power.
Some do hold a positive view of the job market, however. They highlight media reporting and government figures of low unemployment, job creation, and economic growth as reasons for optimism. This group focuses on broader economic indicators like wage growth and a strong stock market, rather than their personal experiences.
Typically, in higher economic classes or politically left leaning, this group attributes economic successes to government policies. They particularly mention Biden-Harris measures, viewing the economy as successfully recovering from COVID.
Reasons for Reactions
People who believe the job market is bad typically base their views on personal experiences. They talk about their struggles with inflation, job instability, and rising living costs. These voters frequently blame government policies for failing to address the economic challenges middle class Americans face. For them, the negative impacts of inflation and unstable jobs outweigh any broader economic successes.
Those who perceive the job market positively rely on the Biden-Harris administration to support their views. They point to low unemployment, job creation in industries like manufacturing, and wage increases. This group tends to trust official economic reports and see selective macroeconomic trends as evidence of a stable and improving economy. They attribute economic progress to policies that they believe are fostering growth and recovery.
How Americans Talk About Jobs
The language people use in these discussions reflects their perspectives on the job market. Those who view the job market negatively often use first-person pronouns like "I" and "me" to emphasize their personal struggles. They talk about their individual experiences with statements like "I'm struggling to make ends meet" or "I lost my job because of inflation." This use of first-person language underscores the personal impact the economy has on their lives.
Voters who see the job market as strong tend to use third-person pronouns, such as "they" and "them." They describe the economy from a more detached perspective, with phrases like, “They’re creating jobs" or "The economy is growing." This language suggests a broader view, focusing less on personal hardship and more on the general direction of the economy.
Additionally, those with a positive outlook often adopt a factual and confident tone, while those with negative views express frustration, skepticism, and distrust. Skeptics frequently challenge the accuracy of official economic data, using sarcastic or confrontational language to question the narrative of economic recovery.
24
Sep