Not going to celebrate full employment until hiring practices see some noticeable regulation.
Yeahhh. Not to mention that these numbers are inflated by part-time employment and “gig” jobs being at an ATH, while full-time hirings are down
Like non compete clauses being banned? Passed by the FTC apparently down party lines. So, vote for Dems.
That’s a start
Fuck the premise of “full employment.” As if having an income that supports you is some binary fact of job or no job. What about shitty job with an exploitative organization the federal government has permitted to become an oligopoly?
Unemployment numbers are bullshit because it specifically drops any that haven’t found work in months.
And then to rub it in, even if you’re unemployed, your benefits are garbage, and not need-based.
You’re talking any the U6 numbers. Those are tracked as well
Wait there was full employment? That wasn’t my experience over the 10 months I was unemployed. It wasn’t my experience watching the mass layoffs in my field.
I feel like I have been gaslit by the news saying the economy is up and unemployment is down and all I can see around me is the contrary. The past year was infuriating
That is shitty, and it probably won’t make you feel better, but there were people doing very well during the depression as well. The average is just that, average. Individuals experience wildly different realities.
The time during Bidens presidency has been fantastic for me and my family. Both my wife and I got huge pay raises, she then switched jobs for a much better hours and still making bank. We’ve been saving a lot of money and our investments have skyrocketed. Things are clearly more expensive, but I haven’t had to worry about it too much. Also because I live in a fairly well off area, it appears everyone else is doing very well.
Because my personal situation has been so good, should I assume that this is true for everyone in our country? Or should I be smart and recognize that my personal experience is anecdotal and not representative of the whole economy? Should I blame the media too for reporting what’s actually happening?
I’m glad things are going well for you, and I don’t mean this in any sarcastic way or anything.
Because my personal situation has been so good, should I assume that this is true for everyone in our country? Or should I be smart and recognize my personal experience is anecdotal and not representative of the whole economy? Should I blame the media too for reporting what’s actually happening?
I get my personal experience isn’t the average. I also get that, while a better representation, knowing the experiences that my friends and family are having isn’t the average.
My problem isn’t my experiences not matching the average. My issue is the metrics used by media are not a representation of average, and the pain of seeing these metrics show things are supposedly getting better where so many things around me are getting worse, at times in order to improve the metrics used by the media.
My issues are twofold:
I don’t think the metrics used by the media, ie the stock market, are wholly representative of whether or not things are going good for the average American. When things plummet, sure, I’d agree that’s a good metric, since companies will panic and then people will get screwed. But I don’t think markets doing well means things are doing well for the average American.
Sure, the line might be going up, that’s good for some people, but there are many reasons why that could be happening that have no impact, or even a negative impact on the average person. For example, a new technology could have been discovered that lets workers do double the work. A company that fires half their staff will now be making more profit, since they are paying less in wages, and therefore their stock values will rise. Half of their employees were sacrificed on the altar of the stock market for those gains. To use a more recent and frequent example of something that fucked me over: tech layoffs. Tech companies will often purge a lot of employees when doing things like preparing for an acquisition, or immediately following one. Sometimes, they will just thin out their staff following a completed project, or something similar. This often has a positive impact on stocks, but a dire impact on workers.
I also have an issue with the partisanship of the media and how the economy is presented to us differently based on who is in power and the bias of those, but that’s a whole new can of worms.
things are supposedly getting better where so many things around me are getting worse,
But things are getting better. This isn’t to say we don’t have a lot of catching up to do, because of the damage that inflation has done, but the overwhelming amount of the numbers make it pretty clear that we are going in the right direction.
I don’t think the metrics used by the media, ie the stock market
This is not at all the metric we are using. You are specifically complaining about unemployment rate. Which is what this post is about. It’s funny to bitch about the media being misleading, while complaining about the market not representing the average joe…when the number being discussed in the article is not the market and does represent something good for the average joe.
At my job unless you have 100% availability with 0 restrictions you cannot acquire more than 20 hours at minimum wage plus change. Not a surviving wage.
It’s insane to me that employment isn’t given any nuance.
Because in the past ‘a job’ was enough. It’s not anymore but the boomers and Gen X don’t understand that.
Don’t lump X with the boomers. We have had vastly different experiences.
Yet y’all are pulling similar shit these days…
I dunno, most people are probably going to remember his decisions on Gaza much more strongly.
Probably not, historically the villain in that story will definitely be Netanyahu… he’d likely get supporting actor credits at best.
I disagree that he’ll have a good legacy though, his economic legacy will likely be dwarfed by his lack of action to stop the Supreme Court. History is rarely fair.
Trump would have been forced to do the same though. It’s in the US governments blood to support Israel unconditionally (it’s their project after all).
I’ll give you $10 if you can point to Palestine on a map.
Should I send my PayPal details or is there some other payment method you prefer. I can even show you which bits are Gaza and which bits are the West Bank - it’ll be educational!
Just say you don’t care and move on, coward.
Meh, he’ll probably be remembered more like Truman or Eisenhower
If Trump wins, Buchanan is more likely.
Or the fact that he fucked up Afghanistan withdrawal so hard he basically gave the Taliban a billion dollars in weapons, military vehicles and other materiel.
Yep. Forever and ever, we’ll remember him as Genocide Joe. That is his name now and for the rest of all time. What a legacy.
