| > More Americans are in the workforce than ever before, because every household requires more laborers to do work for less compensation. That isn't what they show. Actually what they show is that households have gotten smaller over time, because people have gotten richer/older and no longer live with their parents. > Federal employment data also does not paint a cohesive picture of the situation. These numbers come from a monthly household survey and don't have this issue. They know what they're doing. > For one, it does not include undocumented labor - the labor that makes up the vast majority of incredibly low paid positions. Such people have, since 2019, actually gotten the most pay increases of any part of the working population. https://www.nber.org/papers/w31010 > Secondly, it is inflated by the fact that so many people are forced to work part-time positions - usually multiple at once. Only 5% of Americans report working multiple jobs, and that's not particularly historically high. Your idea of how the economy works is just a decade out of date. In the ways you think it's bad it is specifically the best it's been in decades, or in fact ever. This is a common issue though: https://x.com/dkthomp/status/1793270876550398329 The cause of this issue is that the US media believes their job is to avoid reporting good news, unless they can do it ironically. |
My idea of how the economy works is informed by the state of the economy for real people - unlike yours, which relies entirely on federal data manipulated to present the picture that the federal government is succeeding in its economic policy. They do “know what they’re doing”, certainly. You on the other hand, do not seem to.
Every single thing you have said here is wrong or a misunderstanding of what data has actually been gathered and where it comes from.