Row 51448

Row ID: 51448 | Dataset Entry | Axioma AXP Content Repository

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Well to be honest, I did technically say more Americans, as in, absolute value, not percentage. Percents are deceptive sometimes. They only really work when all other variables are held equal which is of course hard to do. The population of America back then was 260 million, and it's 330 million now. So yes, a slightly higher percentage back then, but productivity was also much lower then compared to today:

https://www.bls.gov/productivity/graphics/2022/graphic-4.htm

Means that today's situation is objectively worse off. Housing was far better back then as well in terms of affordability.

It's not just layoffs I mentioned. It's lack of job postings itself. Tech is at covid levels of low even after these years of "booming economy"

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

Outsourcing is happening, as you must've clearly heard from big tech companies like Google. It's a combination of many factors under this ocean surface of "low unemployment" that signal potential trouble.

I am not sure which one of us will turn out to be correct. The only thing to consider is that things take years to unfold and the Fed is dragging along the can down the road as long as they can. Maybe it all blows up after elections, who knows.

FieldValue
text Well to be honest, I did technically say more Americans, as in, absolute value, not percentage. Percents are deceptive sometimes. They only really work when all other variables are held equal which is of course hard to do. The population of America back then was 260 million, and it's 330 million now. So yes, a slightly higher percentage back then, but productivity was also much lower then compared to today: https://www.bls.gov/productivity/graphics/2022/graphic-4.htm Means that today's situat…
label r/economics
dataType comment
communityName r/Economics
datetime 2024-05-22
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Raw Record

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  "text": "Well to be honest, I did technically say more Americans, as in, absolute value, not percentage. Percents are deceptive sometimes. They only really work when all other variables are held equal which is of course hard to do. The population of America back then was 260 million, and it's 330 million now. So yes, a slightly higher percentage back then, but productivity was also much lower then compared to today: \n\nhttps://www.bls.gov/productivity/graphics/2022/graphic-4.htm\n\nMeans that today's situation is objectively worse off. Housing was far better back then as well in terms of affordability. \n\nIt's not just layoffs I mentioned. It's lack of job postings itself. Tech is at covid levels of low even after these years of \"booming economy\"\n\nhttps://fred.stlouisfed.org/series/IHLIDXUSTPSOFTDEVE\n\nOutsourcing is happening, as you must've clearly heard from big tech companies like Google. It's a combination of many factors under this ocean surface of \"low unemployment\" that signal potential trouble. \n\nI am not sure which one of us will turn out to be correct. The only thing to consider is that things take years to unfold and the Fed is dragging along the can down the road as long as they can. Maybe it all blows up after elections, who knows.",
  "label": "r/economics",
  "dataType": "comment",
  "communityName": "r/Economics",
  "datetime": "2024-05-22",
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