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This article reads to me like, "people are angry about the economy, but have run out of ways to explain their anger with numbers." In other words, when unemploy
by wavemode 3y ago
This article reads to me like, "people are angry about the economy, but have run out of ways to explain their anger with numbers." In other words, when unemployment is good, and inflation-adjusted wages are good, and spending is good, and investments are good ... what else is there?
Maybe there is some hidden variable we're missing in our economic models which can account for the discontent. But this article has not presented what exactly that's supposed to be.
- helij 3y agoPeople probably feel trapped.
- pllbnk 3y agoMy take is that people want security. It doesn't matter if today you're earning what might be considered a good salary if you can't own a home by the time you're in your thirties. Usually that's the time when people stop feeling invincible, notice slightly degrading health and realize that they might lose everything if something serious happens with hardly any time to catch up later in life. Maslow's pyramid is the key.