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Speaking to your point about a jobless recovery… that’s not accurate. The US had recovered to full pre-recession employment levels by 2017[1]. Unemployment is
by Esophagus4 1y ago
Speaking to your point about a jobless recovery… that’s not accurate.
The US had recovered to full pre-recession employment levels by 2017[1].
Unemployment is around 4% right now.
I can’t speak to discretionary income or why the market is high, and maybe there is some sort of structural “underemployment” going on, but people are working.
[1] https://www.cbpp.org/research/chart-book-the-legacy-of-the-great-recession https://www.cbpp.org/research/chart-book-the-legacy-of-the-g...
- rchaud 1y agoUber and Doordash count as "jobs" in the employment rolls. That's fine for people like you and me who probably have full time jobs with benefits and look at employment numbers from the angle of "how does this affect the value of my index fund?" But for the people who have these jobs as their sole source of income and rely on forms of public assistance to make ends, the reality feels far more precarious.