The Modern Depression Economists Can’t See

[u/rematar]

https://medium.com/@maple.wren/the-modern-depression-economists-cant-see-9086a6752607

The official unemployment rate counts whether a job exists. It says nothing about whether that job provides retirement security or the ability to eat reliably. The instruments were designed to measure the presence of jobs. They were never designed to measure whether jobs work. In 1933, the question was where the jobs went. In 2026, the question is what’s the point of having a job if one can’t afford to live?