The current regime's policies are causing an economic recession.
Job seekers giving up: Labor force participation falls to lowest in 50 years
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Re: Job seekers giving up: Labor force participation falls to lowest in 50 years
#12The money printing during COVID screwed everything up. Most of the capital was directly given to banks and businesses, fraudulently in many cases and unnecessarily in most, and everything pooled up into real estate and stocks so anyone who had already owned a large proportion of those became absurdly wealthy in the span of a couple years and everyone else effectively lost 20-30% of their income through inflation. The…
You get the money back the same way Roosevelt did, 94% tax rate on the rich.
Re: Job seekers giving up: Labor force participation falls to lowest in 50 years
#13The current regime's policies are causing an economic recession.
It's deliberate sabotage by an anti-growth movement.
Re: Job seekers giving up: Labor force participation falls to lowest in 50 years
#14And I'm not going back, either. Reckon I can slowly liquidate assets for as long as I have left to live. To hell with all this shit, my farm is enough.
Man rebels against capitalist system by living off of proceeds of ownership shares of capitalist system
Laborer rebels against capitalist system by directly enjoying the fruits of his own labor.
Re: Job seekers giving up: Labor force participation falls to lowest in 50 years
#15And I'm not going back, either. Reckon I can slowly liquidate assets for as long as I have left to live. To hell with all this shit, my farm is enough.
But you must pay tribute in the form of thousands of dollars in property taxes. Your first born child may also be acceptable.
Re: Job seekers giving up: Labor force participation falls to lowest in 50 years
#16Today I read about Accenture Norway taking in 56 summer internship students from over...1600 applicants. Record year, they reported.
Previously I imagined only the top-top tier firms could enjoy low single-digit acceptance rate, but here we have Accenture crushing it. Competition must be tough.
(But for what I know, could be that AI has made it easier for people to spam everyone with applications)
Re: Job seekers giving up: Labor force participation falls to lowest in 50 years
#17And I'm not going back, either. Reckon I can slowly liquidate assets for as long as I have left to live. To hell with all this shit, my farm is enough.
Man rebels against capitalist system by living off of proceeds of ownership shares of capitalist system
Well, things don’t just appear from thin air. Someone has to work. Foraging isn’t much of an option in non tropical regions.
Re: Job seekers giving up: Labor force participation falls to lowest in 50 years
#18And I'm not going back, either. Reckon I can slowly liquidate assets for as long as I have left to live. To hell with all this shit, my farm is enough.
Man rebels against capitalist system by living off of proceeds of ownership shares of capitalist system
Man didn't say capitalist system. If anything, he's rebelling against what looks more like a centrally-planned economy than capitalism.
Re: Job seekers giving up: Labor force participation falls to lowest in 50 years
#19Sounds more like people retire somewhat early - for 25-54yo labor force participation near all time high: https://fred.stlouisfed.org/series/LNS11300060 And here is one for 55+yo: https://fred.stlouisfed.org/series/LNS11324230 All is fine
Prime age is meant to filter college kids and retirees which makes sense but it is likely hiding the minor crisis in hiring for college grads. But I agree it's not disastrous just a yellow flag. The 20 year bull market has minted a lot of millionaires amongst the upper middle class and a lot of them are retiring early.
Re: Job seekers giving up: Labor force participation falls to lowest in 50 years
#20And I'm not going back, either. Reckon I can slowly liquidate assets for as long as I have left to live. To hell with all this shit, my farm is enough.
Man rebels against capitalist system by living off of proceeds of ownership shares of capitalist system
What kind of silly take is this?
“You deserve to starve instead!!” - is this really the position you want to argue?