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Definitely a scary graph. But surely it's more likely that it is a graph of a bad recession happening than a sign that a trend that has run for hundreds if not
by pg 17y ago
Definitely a scary graph. But surely it's more likely that it is a graph of a bad recession happening than a sign that a trend that has run for hundreds if not thousands of years has stopped at this exact point in history.
What was the number like in 1933?
- wheels 17y agoThe unemployment rate in the US peaked out at about 2.5x what it is now in the Great Depression. Even now the US is the US isn't really in that bad of shape for a developed nation; it's about 2% higher than most EU countries. The US has just had very low unemployment for the last 15 years or so, so it feels more dramatic. It was actually higher than now at one point in the early 80s.
- ynniv 17y agoIs it not our goal as programmers to make manual labor unnecessary? Even if Google (or LexisNexis) is a poor substitute for a librarian, it has likely reduced the economic demand for simple research. While making society as a whole more wealthy, it permanently removes jobs from the market. If this age-old employment trend were to change, now is exactly when I would expect it to happen.