Believing and Time
People tend to say things are bad and getting worse. They tend to get irritated when I note that the thing they mentioned is bad but has recently become less bad. There is some deep unwillingness to accept that levels, changes, and rates of change are different. Certainly people will argue that something is too low because it has decreased (see military spending over GDP) or getting worse because it is bad (see again military spending — different people — same uh odd approach to numbers).
This post will focus on perceptions of changes (not levels). A very strange thing is that people say something has increased (or decreased) or is increasing *without* specifying the time interval.
So inflation has increased compared to 2018-2019 and decreased compared to 2021-2022. The murder rate has increased compared to 2019, decreased compared to 2022 and decreased a lot compared to 1992.
Wage inequality has vastly increased compared to 1979 and markedly decreased compared to 2019.
One can accurately say that these things have gone up and have gond down. Many more than one choose the interval which pleases them without justifying the choice, indeed without mentioning it.
One example consists of me following Paul Krugman (as usual) he tries to understand why poll respondents say inflation has increased when economists agree it has decreased — weirdly he, Paul Krugman, says that both sides have a point. He notes that inflation over 36 month intervals has indeed increased. He admits that the standard choice of 12 months or his choice of 3 or 6 is arbitrary. Inflation is the rate of price increase — the word does not specify the time interval — the standard 12 month interval is arbitrary (and also automatic deseasonalizing). People freaked out when it was noted that monthly inflation had been zero from (I forget when to I forget when) — they didn’t realize that you don’t have to average monthly inflation over 12 months.
The 36 months could also be “how much have prices changed from back when they were normal”. Or how much higher are prices than the lowest prices I remember from the fairly recent past.
In any case something has to be pretty striking to make Paul Krugman himself note that both sides have a point when one side includes all mainstream economists and says things which help Democrats.
Other examples are many people (conservatives and leftists) claiming that real wages are falling (they are increasing now)
and that wage inequality is increasing (it is decreasing)

Also inequality is increasing (means has increased A Lot since 1979) when wage inquality has dramatically decreased since 2020 (cancelling about a quarter of the Reagan on increase).
I now lament my Twitter quarrels (my fault for being stupid enough to use Twitter) with leftists who conclude that I am a conservative who asserts that US capitalism is perfect, because I note that things which are too high are lower than a few years ago. Can’t avoid a relapse to complaining how people just can’t handle the idea that something is bad, not getting worse, and in fact, getting a little less bad too slowly.
Finally, there is the headline which scared me enough to make me write this post “The Explosive Rise of Single-Parent Families Is Not a Good Thing.” I was alarmed as I had thought that this explosive rise had peaked. I hadn’t read that the rise had restarted. Indeed I read “Despite a small rise in two-parent homes since 2012,” In fact, as I had thought before being informed by the New York Times, the “explosive rise” has ceased.
I have to add that the column goes on to leave language truth and logic in the dust “Despite a small rise in two-parent homes since 2012, the overall trend persists.” now trend persists is presented as consistent with “sign of change over time has reversed”. Here we have basically a flat out lie combined with the change vs level confusion.The true statement is ‘, the level remains much lower than it used to be” not “trend persists” if “trend” and “persists” have any meaning at all.
Here I think there is a problem with intellectual honesty — people feel free to chose the time interval when discussing how things have changed and choose the time interval such that the change supports their argument.
This is not OK.
Indeed. This has disturbing political implications. It is said, by the Biden administration, that their economic measures are working great, and perhaps these results are verifiable. The stock market does not seem to reflect this. Nor does the ‘main stream media’, much. And you have the Orange One bustling off to remind Unions just how much he loves labor & the ‘working man’, aside from huge tax cuts for the wealthy & corps that utterly devastated guv’mint revenue intake.
Hold on to yer hats for next year. Anti-Trump Guv’nah Sununu up in NH is saying that Biden ain’t too popular Up Theah these days.
New Hampshire governor warns Biden is losing support among Democrats
Fox News video: NH Governor Chris Sununu on the need to move on from Trump and how Biden is losing support from Democrats in his state
BTW, I haven’t watched this video, because it’s on Fox.
When it makes it to MSNBC I’ll give it a listen.
And I fully agree that Krugman seems muddled about this. Not that he would admit so. ‘Krugman is always right.’
This is a risky tactic, if it goes past the primaries at least.
In bid to stop Trump, one group is making different pitch to independents and Democrats: Vote GOP
Boston Globe – Sep 18
FWIW, urging independent/unenrolled voters to vote in GOP primaries is one way to take votes away from Trump-favorite Robert F Kennedy Jr who intends to be on the Dem ballot for 2024, and presumably also away from Trump on GOP ballots.
Better to do that than to launch 3rd party bids to take away votes from Joe Biden and reduce electoral vote counts for Biden (if not Trump.) The lack of an electoral vote majority will be fatal to Biden’s chances next year & the GOP knows this.
Oddly enuf, we probably will not hear Trump urging GOP voters to cross over to vote for RFK Jr on Dem ballots.
Trump praises RFK Jr as ‘common sense guy,’ as GOP reportedly strategizes the Kennedy threat against Biden
Fox News – June 28
One more thing…
The UAW Is Overplaying Its Hand, Risking Our Economy and the Election
NY Times – Sep 20
Striking autoworkers want to end a system that pays different wages for the sam
e job
NBC News – Sep 16
Steven Rattner, author of the NYT op-ed above, was instrumental (he says) in setting up that two-tier wage system a few years ago that was part of an Obama era deal to solve a previous crisis, that so annoys union members now.
Fred:
I believe the pay less for new workers is a throwback to 2004 or earlier. Gettelfinger defended it in 2004 as a way to preserve jobs in the US. The intent was to keep the jobs stateside. Companies were using this as a cudgel to force the union to concede. People still believe Labor is the issue.
Alrighty then! Rattner is off the hook for that one.
Rattner – NY Times:
Fred:
The issue for costs is not Labor, it is Materials. They are sloppily malfeasant when it comes to the introduction, planning, and inventory of materials.
Two thousand and eight, there was a similar semiconductor issue in which the chip manufacturers raised pricing, not because of material or ability issues to manufacture semiconductors but because they could. Why was this such an issue? The automakers did not maintain their supply chain orders. Wafer growing requires little labor. The process to engrave, plant transistors in the circuitry, and layer them does not require an abundance of Labor either.
When the world stated to awaken after 2008, automotive as well as other industries piled on the orders and like any idiots ordered more than needs because they believed it would become a priority then. A slick move by manufacturers was to increase lead times claiming they needed such to manufacture.
My boss called me into a meeting with a supplier of piston rings for hydraulic and air cylinders. The sales person was claiming thhis company needed more lead time to meet demand, meaning our and other’s orders. In front of the sales person, my boss asked me if this would solve their issues in supplying product. Of course, the answer to this was lead times do nothing to increase capacity. It just gains you more orders. I suggested they find more capacity, old or new.
Hmmm.
Why Are Pickup Trucks at the Center of the Auto Universe? Because People Keep Buying Them
Car & Driver – Feb 12, 2023
(There’s no explanation here why pickup trucks are popular. But …)
It would appear that the UAW is more concerned with the cost of Labor (i.e. their wages) than the cost of Materials.
Economic gloom adds urgency to auto workers’ strike demands and imperils Biden
Boston Globe – Sep 21
Unless ‘cost of materials’ applies to not being able to afford the ‘enormous pickup trucks’ they themselves build.
Auto workers expand their strike to 38 locations in 20 states. Biden plans visit to show support.
Boston Globe – Sep 22
Across Washington, Officials Brace for Government Shutdown
NY Times – Sep 22
With House Hurtling Toward a Shutdown, Gaetz Is Leading the Resistance
NY Times – Sep 22
The Florida Republican, who has styled himself as Speaker Kevin McCarthy’s chief tormentor, is leading the opposition to a measure to keep the government open.
Notice that real earnings have only begun to increase since spring 2022:
https://fred.stlouisfed.org/graph/?g=lQR2
January 15, 2018
Real Median Weekly Earnings, * 2007-2023
* All full time wage and salary workers
(Indexed to 2007)
https://fred.stlouisfed.org/graph/?g=M25e
January 15, 2018
Real Median Weekly Earnings, * 2017-2023
* All full time wage and salary workers
(Indexed to 2017)
https://fred.stlouisfed.org/graph/?g=ZksD
January 15, 2020
Real Median Weekly Earnings, * 2020-2023
* All full time wage and salary workers
(Indexed to 2020)
Robert Waldmann’s essay is especially important.
https://www.nytimes.com/2023/09/17/opinion/single-parent-families-income-inequality-college.html
September 17, 2023
The Explosive Rise of Single-Parent Families Is Not a Good Thing
By Melissa S. Kearney
[ The work on which this essay is based is strikingly deceptive, and already being used to criticize the Black community. This new work is a repeat of similar work criticizing the Black community done in the late 1960s. ]
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