4 ms·
I think the metrics are doing well in that unemployment is down, the stock markets are up, and housing prices have mostly stabilized. Unfortunately, that ignor
by caseysoftware 12y ago
I think the metrics are doing well in that unemployment is down, the stock markets are up, and housing prices have mostly stabilized.
Unfortunately, that ignores:
- the labor participation rate is dropping steadily.. because long term unemployment is up.
- the Fed has pumped $1T (yes, trillion) into the market each of the last 5 (6?) years.
- wages have been stagnant and have only now reached 1998 levels.
- education - previously a ticket into the middle class and beyond - has been devalued by poor standards but simultaneously the price tag has increased dramatically.
- digi_owl 12y agoBut then what defines a unemployed have been games to hell and back...