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- Twitter OomnjHe’s getting re-elected because he’s faking the numbers? It’s obvious he’s faking them; with his terrible policies, no way the economy can grow like this
- Wrong. The 3.9 unemployment number is massively deflated by not counting part time workers and demotivated people.
What people used to call unemployment is now called underemployment and the government doesn’t even track it. They say it’s about 9% but it’s really probably around 13%
- Why do you need to count those people in? They don’t work and do not want to work. There’s a reason why economists don’t care about that (unless it’s incredibly high as it happened in certain countries during the 2008 crisis - those are people who just “give up” looking for jobs because they can’t find them, and this usually happens when unemployment is over 15%)
- Because, in my experience, these “non-working” people end up becoming bad parents, bad neighbors, in some cases violent and devious criminals which makes their neighborhood worse and pulls down their whole community’s productivity.
Work provides meaning and countless benefits to humans. People who sit at home on opiates watching Netflix and raging on Facebook and Twitter all day have negative externalities on the rest of the economy.
- Just to be clear, when unemployment is this low (3.6%), it is NOT a good thing
- New adjkfieI did some economics courses and I’m fully onboard with fk trump, but I don’t agree with the unemployment being “too low” this is only a bad thing for companies because wages will rise and they have to accept “less skilled” workers. But this is garbage because every human has value and to say it’s okay for some people who WANT a job to be unemployed simply because it’ll allow companies to keep wages lower is something else. Every person has a right to get money and live decently, not screwing over 5% because it makes life for companies better :)May 3 1
- I have two degrees in business.
The problem with too low unemployment is that employees can’t find people to hire. If you read the news you’ll see many small businesses complaining about that. It’s hard to find employees with skills companies need when almost everyone is already employed. This in turn slows down economic growth.
Also, yes, people do get paid more (see companies like McDonalds paying above minimum wage in certain areas now), but that will raise prices, and so net-net the effect will be zero in the medium term.
- NetScout / Eng batuaListen at 3:25 https://www.npr.org/sections/money/2018/08/10/637545384/episode-859-you-asked-for-even-more
- SpaceX / Other muskytaintmoreUnfortunately dems spent last couple years blaming the loss on Russia rather than trying to understand why they really lost.
Trump was caught saying he sexually assults women and still won. His supporters don't care about his conduct at all. Let's quit wasting time and focus on policies that can win (not going full sjw, for example)
- Of course Trump is faking the numbers.
However, everyone, including Obama, fakes the numbers too.
So, you can still compare apples with apples.
Low employment is generally very good thing for the economy. More people in jobs = more demand = more sales = more money. It's a virtuous cycle.
The risk with low employment is it can 'overheat' the economy and drive up inflation as there is more demand.
However, inflation in the US is pretty low right now at 1.9%.
You're good in a spot for now.