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"Things are getting better yet sentiment is falling." Have they? By what measures? Real wages have stagnated or fallen. Workforce participation is at a low. W
by giantg2 3y ago
"Things are getting better yet sentiment is falling."
Have they? By what measures?
Real wages have stagnated or fallen. Workforce participation is at a low. We can't compete on costs with much of the world. Population is mostly stagnate. It's hard to see how a system built on consumerism is not in trouble when our products must be subsidized to compete on exports (ag), the population is mostly stagnate, and a large portion of the population is either not working or is making just enough to survive. Looks pretty bleak to me. I suppose it looks better if you wrap assets in multiple layers of derivatives.
- yorwba 3y agoSince you don't specify which country you're talking about, I assume you're in the US. In which case labor force participation is at a high https://fred.stlouisfed.org/series/LNS11300060 https://fred.stlouisfed.org/series/LNS11300060
- galleywest200 3y agoLabor force participation being high does not mean people are making enough money to be comfortable.
- eru 3y agoThe parent comment talked specifically about workforce participation being low.
- MisterBastahrd 3y agoThe average person is working. The average person has always been working. The cost of living has risen faster than wages, which have have stagnated except for those who are either in the C-suite or making their money primarily through capital. My father made half of what I make at the same age. But his mortgage was 1/8th of the size of mine for the same basic home.
- giantg2 3y agoThat's interesting. I wonder what the difference is, because the BLS shoes something very different. https://www.bls.gov/charts/employment-situation/civilian-labor-force-participation-rate.htm https://www.bls.gov/charts/employment-situation/civilian-lab...