Pay is increasing. Work is abundant. Nobody is content.

It's difficult to explain the current status of the American economy. People claim that everything is horrible, even yet the labour market and a large portion of the economy are doing well.

For American workers, the last several years have been a good run. The jobless rate is low. Most people are able to get employment if they so want. Even after taking into consideration the recent months' inflation,

 wages have increased, particularly for those at the lowest ends of the income distribution. 

It has truly been possible for workers to use their power, whether it is by abandoning their employment, organising a union, or going on strike.

Despite this, survey after poll indicates that Americans believe the economy is atrociously bad (what Americans actually do in this purportedly terrible economy is another story, 

which we'll get to later). It is strange that even with such a robust labour market, there is no discernible impact. The current state of employment appears to be intended to improve public sentiment. Why then do some claim that it doesn't?

There are a few clear explanations for why Americans are so irate. Everything has exorbitant prices. The pandemic hangover lingers long; long-term illness affects the mind as well as the body. 

The child tax credit, the student loan moratorium, and the extended unemployment insurance that the government provided in recent years are no longer in effect. Not only is the political system of the nation not functioning particularly well, but there is also a sense of dread about the 2024 elections.

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