• Paragone@lemmy.world
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    1 month ago

    The right is circulating a pair of graphs,

    1 is showing the average ( skewed, of course, by the richest ) income, for the time in Trump’s presidency,

    vs the time in Biden’s

    the other is showing the same 2 graphs, but adjusted for inflation … and it’s significantly worse in Biden’s presidency.

    ( I hold that the real disinformation is pretending that income-vs-cost-of-living somehow tracks economic policy realtime … there’s a delay, for some effects that delay is years, like Milei’s eradicating of the Ministry of Education “for the economy” is a bullet-in-the-head for future advanced-economy participation, but … this pair of graphs does highlight a significant fact:

    you cannot ignore inflation when claiming that the wealth of the average person is better, because wealth is only in relation to costs.

    Period. )

      • jordanlund@lemmy.worldM
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        1 month ago

        https://www.as-coa.org/articles/explainer-whos-who-javier-mileis-cabinet

        “Milei’s cabinet is smaller than usual, fulfilling his pledge to shrink the number of ministries. There were 18 ministries; now there are nine. The ministries of education; labor, employment, and social security; and social development are all now the ministry of human capital.”

        I would call downsizing it to the point of irrelevancy and combining it with 4 other ministries under a new name does constitute eradication.

        • Shardikprime@lemmy.world
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          1 month ago

          Being absorbed by another ministry does not by any means implies that it has been ERADICATED. At most it became a secretary or sub secretary, but not gone.

          You are spreading misinformation