| >Logically, employment may increase while people's standard of living may get worde at the same time? Yes it can and yes it is. I'm also baffled by people keep pointing out low unemployment like it's the be all end all of all arguments for economic prosperity. Obviously sky high unemployment like in the great depression isn't great either but just because people are forced to accept any one of the abundant gig economy jobs, no matter how shitty, or even more than one job, due to the high CoL and low welfare, it definitely reduces unemployment numbers on paper, but is that ideal? Maybe some jobs are so shit that people would rather bum around on minimum welfare than get dirty, tired and aching bodies just to only to make peanuts over welfare. Maybe the median inflation adjusted take home wage of the employed person after subtracting essentials like rent, utilities, bills and food, would be a better metric to measure economic prosperity of the working class than collectively clapping at record low unemployment numbers. |