Low unemployment isn’t worth much if the jobs barely pay
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Re: Low unemployment isn’t worth much if the jobs barely pay
#2Unemployment only measures persons in the workforce, not those who never had a job. Thus, the stats are further less rosy.
Re: Low unemployment isn’t worth much if the jobs barely pay
#3I would love to see tech pivot away from being an industry that is 100% about tracking & advertising more and more every year and towards something, anything that was an actual real new product or service.
We used to take it for granted that tech was the industry of innovation and progress, but there seems to be very little of that any more. Just a few more ads on the page.
Re: Low unemployment isn’t worth much if the jobs barely pay
#4I do not agree with that, having a job is always a good thing for mental health. It is always better than staying at home doing nothing.
Re: Low unemployment isn’t worth much if the jobs barely pay
#5Unemployment only measures persons in the workforce, not those who never had a job. Thus, the stats are further less rosy.
That is why we also track the labor force participation rate [0].
Re: Low unemployment isn’t worth much if the jobs barely pay
#6Sloppy data used to form their position in the article.
Re: Low unemployment isn’t worth much if the jobs barely pay
#7Totally disagree. It's 1000000 times better than without a job, a job at least helps mental status and boost some esteem. Also it's 1000000000000 times better than living on welfare or food stamps. for himself/herself and for the society.
Re: Low unemployment isn’t worth much if the jobs barely pay
#8I would love to see tech pivot away from being an industry that is 100% about tracking & advertising more and more every year and towards something, anything that was an actual real new product or service. We used to take it for granted that tech was the industry of innovation and progress, but there seems to be very little of that any more. Just a few more ads on the page.
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Re: Low unemployment isn’t worth much if the jobs barely pay
#9I do not agree with that, having a job is always a good thing for mental health. It is always better than staying at home doing nothing.
Having work one finds valuable is.
Having a shitty mind numbing job is hell.
Adam Smith wrote about it (paraphrasing) extreme division of labor will create servile, ignorant humans.
IMO billionaires suffer from it too. Offloading so much real doing and learning while existing in the context of abstract decision maker.
You think Bezos can do much more than validate or demean people around him? Bet he can barely rotate a tire.
On the upside for the first time in history, the oligarchs in America don’t also control armed gangs. The risk of toppling one is manageable: taxes.
Organizing abstract social metadata very particularly is way less useful and makes for way less interesting people, than real muscle memory built from doing a variety of types of work.
Re: Low unemployment isn’t worth much if the jobs barely pay
#10Totally disagree. It's 1000000 times better than without a job, a job at least helps mental status and boost some esteem. Also it's 1000000000000 times better than living on welfare or food stamps. for himself/herself and for the society.
Have you been a jobless adult or on food stamps?