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For the top percentile and the next highest percentile, it certainly jumps up but we also aren’t seeing the numbers of the lowest fall. Theyre not just steady. Theyre slowly rising across the board. Unemployment hasn’t been this low in quite a long time. The gains won’t end here. Especially if the Dems can flip the House and impose higher taxes on the percentiles that can obviously afford it
I don't trust unemployment statistics because of how they count people. If everyone looking for a job gave up tomorrow the unemployment rate would go to zero.
But we know it’s extremely low because there’s a labor shortage across multiple industries. Unemployment is low no matter how bad the vibes are
Maybe the vibes are bad because people are working too much
I agree, but they are working, and wages are up. There’s reason to be optimistic. The issue is how fucking expensive housing is compared to 10 years ago, when rent was already unaffordable in many major cities. Tackling housing costs and passing legislation that increase pay and reduce hours is a must. No one should be working more than 40 hours a week without fair compensation, and the pandemic revealed just who exactly is deemed an essential worker, and they should be paid as such.
Yeah, vibes are probably a trailing economic indicator. People won't feel better until they feel better.
Then again, power concedes nothing without struggle so we'll probably have guillotines before a four day work week. I'm looking forward to the general strike of '28.
I’m just hoping that the GOP collapses and the Democratic Party stops drifting to the right. Once it effectively pushes out the Sinemas, Manchins, and Liebermans, we could actually see what a more progressive government could accomplish. And I wouldn’t even call myself a progressive. I’m a liberal who just thinks that maybe we should pay essential workers enough so that they can afford to save for retirement and not just sort of skate by