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"financial expert" doesn't understand basic math | cnbc says higher wages are a benefit of inflation

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4m Jul 19, 2021
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"financial expert" doesn't understand basic math | cnbc says higher wages are a benefit of inflation

In this rageface studios video, I will be discussing an article by financial news outlet CNBC, a division of NBC News and part of NBCUniversal, a Comcast company. On July 8, 2021, CNBC was mocked - mostly by conservative Twitter users - for having employee and "personal finance expert" Jessica Dickler posting an article with the title "The upside to inflation: rising wages," as in a wider sense, it can be seen as a defense of the Biden-Harris administration's largely generous (and arguably excessive) stimulus checks and other financial support, whilst ignoring the simple facts and maths of money and inflation; money itself has no value if you cannot purchase anything with it. The backlash led to CNBC having to change the title and key points of the article (without publicly announcing it), yet still keeping the original Twitter post up. In this video, I analyse the article, call out factual errors and inconsistencies, and read out Twitter responses.

sources:
original cnbc tweet: https://twitter.com/CNBC/status/1413132513350803460

current live article:
https://www.cnbc.com/2021/07/08/the-upside-to-inflation-rising-wages.html

original (unedited) article:
https://web.archive.org/web/20210708135019/https://www.cnbc.com/2021/07/08/the-upside-to-inflation-rising-wages.html

⏰ timestamps:
0:00 intro
1:06 prelude to the article
4:54 the article title and twitter reactions
8:07 reading the article
12:18 outro

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⚠️Disclaimers
Humour is very subjective and everyone has their own taste. Please do not attack anyone that I have talked about in these videos. This channel's purpose is to entertain people and not to spread hate to anyone else's channels. I have no ill will towards anyone I make videos about.

All copyrighted clips, images, and text used on this channel are for fair use commentary, criticism, remix, and/or educational purposes, which is allowed under Section 107 of the US Copyright Act 1976. See Hosseinzadeh v. Klein, 276 F.Supp.3d 34 (S.D.N.Y. 2017); Equals Three, LLC v. Jukin Media, Inc., 139 F. Supp. 3d 1094 (C.D. Cal. 2015).

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