It's interesting to see such ongoing strong jobs data in the face of unprecedentedly negative sentiment[1]. Not only do the numbers fail to look as bad as the sentiment, the numbers are actually fantastic and (AFAICT) fully uncorrelated with sentiment.
I've been thinking that this is basically a result of people being overexposed to aspirational lifestyle marketing influencers--even though they're doing better than ever, they're more aware than ever that others are doing even massively better. Since it's influencer marketing, they're seeing people do better in specific ways that appeal to them instead of just being passively aware that others are richer.
(A) Trump (seemingly personally) fired Dr. Erika McEntarfer from her role as the Commissioner of the Bureau of Labor Statistics last August for a bad jobs report
(B) There have been reports that the Pentagon is at least shading and maybe plain concoting numbers about Iran war
(C) Ellison Bezos, Soon-Shiong and Murdoch have done a lot to reverse media's liberal bias
I've been thinking that this is basically a result of people being overexposed to aspirational lifestyle marketing influencers--even though they're doing better than ever, they're more aware than ever that others are doing even massively better. Since it's influencer marketing, they're seeing people do better in specific ways that appeal to them instead of just being passively aware that others are richer.
[1]: https://www.sca.isr.umich.edu/files/chicsh.pdf
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