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This is sufficiently simplistic to be tone deaf to what's going on. The rhetoric has been "jobs!" but this isn't a complaint that there are no jobs; the complai
by cmurf 10y ago
This is sufficiently simplistic to be tone deaf to what's going on. The rhetoric has been "jobs!" but this isn't a complaint that there are no jobs; the complaint is two fold, a.) lack of work that utilize people's interest and/or skills b.) lack of work that pays what people expect or even need to get ahead.
Wage stagnation is a real problem. It's a kind of vectorized unemployment where everyone in the middle class on down is partially unemployed through a combination of more part time work rather than full time, and stagnant wages. The broadness of the problem makes it seem like we have good employment numbers, but wage stagnation is a big problem, especially in contrast to the rise in cost of living, in particular housing.
- cutler 10y agoI don't hear much discussion of real income in this thread. The working class in the UK and USA are being impoverished from 2 directions at once - plummeting real income and escalating property prices/rents. I'd like to see some data which factors in all of these variables.