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by dangus 883 days ago
This claim always comes up as a supposed flaw, but it doesn’t change the fact that it’s the same metric over time. If you look at the unemployment rate now compared the past it’s very good.

Also, wages have been increasing faster than inflation since last January. I don’t think that would be happening if there was a labor surplus.

https://www.statista.com/statistics/1351276/wage-growth-vs-i...