3 ms·

Hard to have a strong consumer market with 17%+ youth unemployment.

• xxpor 2y ago
  And the reason there's 17%+ youth unemployment is because there's a weak consumer market! This is what happens when you structure your entire economy around exports: artificially weak currency, capital controls, artificially low wages, etc.
  • dmoy 2y ago
    Well also the 50%+ savings rate for a long time (down to the 30%s maybe ten years ago, then back up for awhile) If everyone in the US saved 30-50%+ it would not go well for our consumer market either.
    • xxpor 2y ago
      Absolutely.