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by astrange 335 days ago
We did recover, in 2019 and then again in 2024.

https://fred.stlouisfed.org/series/LNS11300060

Literally nobody noticed because everyone had covid trauma the second time, so we had a "vibecession" where everyone felt like there was a recession because they wanted there to be one.

1 comments

11 years later. I know the numbers say we recovered. It took so long I think people mostly forgot what pre 08 life was like

2008/9 was a change in the expectations of college degrees. Going into 2008, we all got the advice to get degrees and jobs will just show up. After the crash we never got back to that point. Common knowledge ever since 08 has been college doesn't ensure a job at the end and your stuck doing unpaid internships and dealing with a competitive job market

11 years is a blip in society, but at least 20% of most people’s working years.