For nearly two years, the job market Americans were told about has been significantly stronger than the one that actually existed, and the Federal Reserve made a major policy decision based on numbers that have since been quietly rewritten.
Honestly asking workers about their ability to get a raise or a new job and you would have discovered how weak labor (and the labor market) is right now.
That is literally how unemployment is measured in the US. These are employment numbers, which are different than unemployment. You’re either wildly uninformed or spreading FUD. Stop.
Capitalist economics is based on wishes and unicorn farts. Its entire point is to justify an unjustifiable system. If you want to learn how economies actually work, study Marx.
Honestly asking workers about their ability to get a raise or a new job and you would have discovered how weak labor (and the labor market) is right now.
Aaking about the opinions of workers is too close to socialism for most economists.
That is literally how unemployment is measured in the US. These are employment numbers, which are different than unemployment. You’re either wildly uninformed or spreading FUD. Stop.
Capitalist economics is based on wishes and unicorn farts. Its entire point is to justify an unjustifiable system. If you want to learn how economies actually work, study Marx.
yup most people cant pivot, if they are in FT near or somewhat above min wage.