Since the pandemic, the economy and jobs market have recovered
Lie from the jump. The whole article is a lie, unless you’re the upper arm of the k.
Gell-Mann amnesia, indeed.
The current economy is literally propped up by investor money going into datacenters
“If we got into a world where 90% of the spending was done by 10% of people, we have to think about what does it mean for overall GDP (gross domestic product) growth and what is it going to mean for overall employment,” Goolsbee said.
I love how the article felt the need to acknowledge this reality but then completely avoids interogating it, when already the Top 20% are responsible for 60% of spending.
It used to be that if you spent $100 going out, you’d be talking about a nice restaurant dinner, a movie, and a couple of drinks at a club afterwards.
Now $100 is just the dinner.
It’s a month’s rent if you want to go to a big concert.
And slowly, but surely, they’re speed-running making cooking at home as infeasible as possible, either by cost or by lessening the quality until the people in food deserts have no choice but to look elsewhere.
This country is a goddamn lie, and I wish I knew how to get people to vote third-party.
I bought a new oven range a few years ago, and had to go out of my way to find something that didn’t have some stupid touchscreen and a bunch of extra features I didn’t want. I figured a dumber device would last longer.
One of the fans stopped spinning fast enough and bricked the whole fucking thing within 3 years. Not even a broken fan, just not fast enough. Plus the error code the oven gave me wasn’t on the sheet that came with the fucking thing so it took ages to diagnose. My last range had some shitty cooktops but god I miss having an oven that was literally just a big heating element, that thing lasted like 30 years and never once decided to just stop on me
Awful, man. I’m sorry.
I’m fortunate to live in a city big enough to where second-hand appliances are still available if one ever needs one, but the stuff in my home was here when I bought and the old owners renovated in 2016. I would love it if I don’t have to replace any of these things until 2046. :)
so you got trump into office. thanks a lot.
No, you got Trump into office, by running an openly brain-dead octogenarian and then letting said brain-dead octogenarian pick your candidate.
Biden on national TV: “We beat Medicare!”
biden was the best president of my lifetime. its amazing what he got done in one term given the adversaries he had to work with. idiots who think they can not fight facists because they think reality and ideality can somehow be the same thing brought us here.
You have to be a bot.
None of what you’re saying makes sense otherwise.
so the old everyone who disagrees with me is a bot. if that is the case most of the people on the planet are bots to you.
I used to do a lot more… economic activity. Then I got laid off and haven’t been able to find a job that pays even half what I was getting. So fuck them.
I got laid off, didn’t look for a job, and moved to the woods. I no longer participate in the economy.
So you’ve ruined the woods and now it’s turning into the city you were living in.
There’s no such thing as “living in the woods” because humans transform any biome they move to.
Tell that to beavers.
Humans are not a part of nature, beavers are. If a human goes to live somewhere other than a city, they destroy that ecosystem and it becomes something else.
Either you’re lying about “living in the woods” (which is the best case scenario) or you’re fucking up one of the only natural ecosystems left.
…yeah, you’re just cooked. Stay inside, dont touch grass. You’ll ruin it.
Economists are generally the last ones you can trust about bad economic tidings.
For one, almost all are paid by monied interests that don’t want to spark a rout in the markets.
For another, they tend towards self impressed arrogance, talking down to everyone that didn’t read their books, even as they have been consistently wrong.
Disclaimer: I don’t have the best record on predicting markets either, which apparently can remain solvent longer than I can remain sane.
I predict the markets will separate, with profit cream continuing to condense at the top and poverty water expanding downward at a faster rate.
They call me the ecownomist
My 80 year old mom is driving for DoorDash in a car she’s borrowed from me.
They may not call it a depression, but our experience tells us it is.
It’s clear most modern Economists are wankers who don’t understand people or the bigger picture outside of monetary economic figures.
I say most because economics gets interesting when you talk about non monetary economics.
