# Unpacking Economic Sentiment: Insights from August Twitter Polls
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Chapter 1: Economic Sentiments Revealed
In August, a series of polls were conducted on Twitter to gauge followers' perspectives on the job market. What did the findings indicate? Let’s explore the implications of valuing time versus money.
Section 1.1: The Time vs. Money Dilemma
In mid-August 2022, two simultaneous polls revealed a striking tendency among respondents to prioritize money over time. Interestingly, the surveys indicated that $500 was perceived as more significant than investing 50 hours in acquiring a new skill.
While the sample size was not extensive, the insights are intriguing. An impressive 81% of participants were willing to dedicate 50 hours to enhance their income by 10%, while only 66% would spend $500 for the same outcome.
This approach was intentional, as respondents weren't presented with both polls simultaneously, preventing them from making direct comparisons. The calculations suggest that the value placed on time spent learning skills corresponds to less than $10 per hour, a rate significantly lower than most jobs, even in entry-level positions in retail and fast food.
Subsection 1.1.1: Understanding Self-Worth
In another poll, a larger group of participants was asked about their perceived worth. The majority indicated they valued themselves between $30 and $75 per hour, with 71.3% selecting the top two income brackets. Notably, 89% do not believe they deserve less than $30 per hour, presenting a contrasting viewpoint to the previous findings.
This sentiment aligns with the frustrations expressed by small business owners struggling to find workers.
Section 1.2: The Value of Health
A subsequent Twitter poll revealed that over 14% of respondents viewed health as a more pressing concern than financial wealth. Perhaps health is indeed the true measure of wealth.
Chapter 2: Rethinking Congressional Compensation
Another thought-provoking poll proposed linking the salaries of Congress members to the median income in the U.S., which was approximately $31,000 in 2019. The results showed strong support for reducing congressional pay.
The first video discusses recent polling data on voter sentiments regarding key political figures and issues.
The second video addresses the current standings in the presidential race, especially following Harris' announcement of Walz as her running mate.
Sample Size Analysis
According to Statista, Twitter boasts over 237 million active users monthly. My audience comprises around 18,300 followers, primarily from English-speaking regions, as depicted here:
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