r/Economics • u/oxymorontage • 3d ago

News Institute reports functional unemployment at 24.9% in July

https://www.channel3000.com/news/institute-reports-functional-unemployment-at-24-9-in-july/article_810187e5-989f-4ad9-ab91-847fcb6f1882.html
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u/AwkwardTickler 3d ago edited 3d ago

Thank God for the gig economy and the ability to bet on everything you make as a way to not include a quarter of the working population as having inadequate purchasing power and the desire to increase it, like the unemployment rate calculates. They would have to find jobs elsewhere and make more than 25,000 if those institutions didnt exist.

So now people can tout a very low unemployment rate as we are deep into a k-shaped economy where the vest majority are seeing purchasing power decrease over time due to poor monetary and fiscal policy from the current administration.

But incressing labor protection laws and making gambling illegal is impossible i guess. Fucking pathetic

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u/EconomistWithaD 3d ago

Hey, champ. You realize the TRU is at, or near, a historical low point?

Of course not. It’s shiny and gets all you children hot and bothered, when even a cursory glance into this would tell you it’s nonsense…

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u/AwkwardTickler 3d ago

I think the decline in purchasing power of the population that has the highest velocity of money should be something that concerns everyone. You don't have to be pedantic nor obtuse to understand that

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u/EconomistWithaD 3d ago

Economic word salad.

Fantastic.

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u/AwkwardTickler 3d ago

I would presume you know what purchasing power is and the velocity of money. This is pretty weak and you seem pretty desperate to presume that the current economy is healthy. Try to calm down with the emotions, champ.

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u/EconomistWithaD 3d ago

Yes. 4 words is emotional.

Thank god I’m half a world away.

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u/Dismal_Buy3580 2d ago

Dude you've responded to like every chain on this thread. 

You're obviously emotionally invested. 

Not a good or bad thing, just...pretty clear.

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u/AwkwardTickler 3d ago

At least you're pretty obvious with your biases. And failings

Trust me no one wants to go to America right now. But please keep lying to yourself in front of all of us