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The conclusions you draw from data do not disprove what the GP said. First you should be citing labor participation, and unemployment says nothing about the qu
by lurking15 3y ago
The conclusions you draw from data do not disprove what the GP said.
First you should be citing labor participation, and unemployment says nothing about the quality of jobs. Nevermind that even labor participation is definitive either. And considering the site "truflation" finds inflation since 2020 to be at 22%, that's a quarter devaluation of purchasing power which seems accurate to anyone participating in the economy. And to everyone celebrating "low" inflation now, that devaluation never goes away as the interest rate compounds and wages just aren't rising that fast either.
The point is that governments are trying to paint a rosy picture when many people participating in the economy do not believe it to be so rosy. And considering that politicians are performing atrociously, the reality is probably that the numbers are not capturing the reality of the economy.