After adjusting for inflation, wages are higher than at any point in U.S. history, and after adjusting for age and sex, the percentage of the population that is employed is around its peak in U.S. history.
After adjusting for inflation, wages are higher than at any point in U.S. history, and after adjusting for age and sex, the percentage of the population that is employed is around its peak in U.S. history.
They literally just explained why that’s not an accurate representation, by the specific measures detailed.
How do you benefit from clinging to an untruth?
They didn’t — what they did was raise a bunch of red herring type issues.
There are a ton of measures of unemployment which try to capture the kinds of thing they’re talking about, and they show similar imporvements.
I raised some points to consider, not to try and mislead anyone. How is underemployment or amount of jobs per worker doing? What is incorrect about how wage per hour isn’t the whole picture when your hours get cut?
U-6 looks at those kinds of underemployment numbers, and is doing pretty well:
This doesn’t mean it’s perfect, or everybody is now a sudden billionaire. It does mean that it’s within the range of “pretty much ok for most people”
Ah, didn’t realize you’re a person of the land, the common clay of the new West.
This community only believes the news when it’s bad.