that's being said no o make trump look bad, but it isnt an actual thing

consumer spending power is at depression era levels

whether or not you are employed no longer indicates if you are participating in a healthy economy

interesting, can you show me?

um... not quickly

thats fine

I recall seeing an article today about 40% of americans being one paycheck away from homelessness

let me find that

https://www.cbsnews.com/news/40-of-americans-one-step-from-poverty-if-they-miss-a-paycheck/

the working class has no financial safety net

oh yes, ive seen that. lower unemployment is still always better. the consumer spending issue is happening because a debt, and the two major culprits are university loans and credit card debt. when you hear 28 year olds with 150,000 in debt...they cant spend as much, they cant save as much, they cant buy homes, etc. but low unemployment is still always good

which means any sort of economic instability could be earth shattering

the banks are still doing the CDO nonsense, if you've ever seen "the big short".

well wage stagnation is also a problem

actual spending power of the minimum wage hasn't increased since the 70s

its only adjusted for inflation, not cost of living

to the same amount of money for the same jobs does not go nearly as far

thats a big reason for the shyhigh homelessness in cali. i swear is doubled here in L.A. obviously thats not the only reason, but its a big one.

its why you hear about people 'putting themselves through college' in the 70s but nowadays you hear about people being in debt for their entire lives to student loans

and they raised the minimum wage, but what employers do now is hire more employees for part time work and just rotate them, so they save on benefits and health insurance.

I recall seeing an article that the average career to college degree ratio for payoff is 30 years

so you'll spend 30 years paying off the education you purchased to get into your career

but its been awhile since I looked at those stats

imagine doing that with a gender studies degree!

no, its still that bad.

but yeah I've been seeing discussions amongst economists that we shouldn't even be using unemployment as a factor to judge the health of an economy, mostly because its so often used as the ONLY factor so its extremely misleading

the same has been said for the health of the stock market, which is an indicator for the health of corporations but not the health of the living economy

a practical solution that would be considered unethical would be to allot free or discounted education in important fields like engineering, math, medicine, etc to those who score the highest on placement tests and are most likely to contribute to the field. but then you get into what is essentially intellectual discrimination and obvious not equitable

yeah I don't know what a solution is

I'll be interested in seeing ideas though

there isnt. people don want accept the reality that most people are not able to be as successful as they want to be. most people will be disappointed, and most people will have a lesser job than they desire.

I know its super unpopular in some circles, but I think that the idea of Basic Income could be hugely beneficial

I forgot what its buzzword is right now...

Universal Basic Income

its a good idea if it's done right, bu id like to see some sor of requirement for it, like if you're able bodied you have to do weekly community service, or prove that you're genuinely looking for work o your abiliy

oh my god my area is killing me

Your area

Area?

*private area

Oh shit

I like these Twitter accounts that are supposed to be cats