Quote:
Originally Posted by Robbie
Actually it was down around 5% and less the whole time. Which is the definition of full employment.
Relentless is way off base.
That stuff was predicted when I was in highschool in the 1970's and never happened.
Matter of fact we were supposed to be out of oil by the 1980's, driving around in flying cars, robots would replace everyone at work, the Earth was on it's way to an Ice Age because of fossil fuels, etc.
Reality is...once the housing market stabilizes, the economy will turn back around and we will be back at around 5% unemployment again.
It's only been since the end of 2008/start of 2009 that all this came down and unemployment shot up. And none of that was caused by automation or anything else except the housing market fucking the economy.
|
look at how many jobs were 'lost' during the 2008 crash. 500,000 per month for a few months. it seems to me many corps used the crash as an excuse to shed these jobs and focus more on cheap labor overseas. sure people can re-train but with such a huge amount of jobs lost at once, it won't be easy finding a place for everyone as not everyone is re-trainable. some people just aren't too bright and some are stuck in their out of date ways.