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California already has an unemployment rate of around 25%- among 18-25 year olds. In fact, if we still calculated unemployment like they did in the thirties -
by warfangle 17y ago
California already has an unemployment rate of around 25%- among 18-25 year olds.
In fact, if we still calculated unemployment like they did in the thirties - we're ahead of the Great Depression's schedule by about four years (we have the same - adjusted for rule changes enacted by jfk to make the nation's numbers look better - unemployment rate now, one year into the 'recession' As was had five years after the great crash that preceeded the Great Depression)
food for thought. (I'm mobile at the moment, or I'd provide sources)
- berlin-ab 17y agoMove somewhere else. You might find there is more work elsewhere.
- qqqqq5 17y agoMoving isn't free, much of that 25% doesn't have extra money sitting around in their bank account.
- warfangle 17y agoI don't live in California, I live in Brooklyn. But my point still stands: a year into this and our unemployment is about the same as it was five years into the great depression. People make light of it because the government's numbers are fudged.
- fnid 17y agoWhat does this mean? We are moving 5 times faster? We are almost through it? We still have much worse times ahead? This will last at least 5 times as long?
- ubernostrum 17y agoHow are you counting that, though? If a 20-year-old is in college, is that "unemployed"?