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by barry-cotter
1465 days ago
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> My neighbors are not well off. I am not well off. The people I know are mostly below or hovering around the federal poverty guideline. Far from making great sums, and it's been this way for a long time. Perhaps that is true of you and your neighbors but US unemployment is at a low not seen in over a decade. That’s what the Great Resignation is about. The problem that is likely to wallop the Democrats is inflation, not unemployment. Things are going at least ok for a lot of people. They’re going well for quite a few. |
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Employment doesn't give you a snapshot of how well things are doing, though. If you can't get a job that pays your rent, things aren't doing well even if you have low unemployment. I'll also mention that part of the low unemployment isn't because things are doing well, but because folks have died, we've had a pandemic, and a number of folks have dropped out of the workforce because of things like child care, remote schooling, and retirement (pushed forward by the pandemic).
Employment doesn't mean things are going at least OK.