Is America's jobs market nearing a cliff?
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Re: Is America's jobs market nearing a cliff?
#2[dead]
Re: Is America's jobs market nearing a cliff?
#3https://archive.is/NvSXc
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Also, shocking to see no mention of the investment thesis, let alone critique of it.
Re: Is America's jobs market nearing a cliff?
#4Ftfa (the part I could read) “ growth is buoyed by an exuberant stockmarket and artificial-intelligence investment, while ordinary Americans languish”
Black Friday sales set records and it not even cyber Monday. If Americans are languishing then shouldn’t holiday spending be down?
Re: Is America's jobs market nearing a cliff?
#5Ftfa (the part I could read) “ growth is buoyed by an exuberant stockmarket and artificial-intelligence investment, while ordinary Americans languish” Black Friday sales set records and it not even cyber Monday. If Americans are languishing then shouldn’t holiday spending be down?
Shouldn’t every year be a record considering population growth and inflation?
Re: Is America's jobs market nearing a cliff?
#6Ftfa (the part I could read) “ growth is buoyed by an exuberant stockmarket and artificial-intelligence investment, while ordinary Americans languish” Black Friday sales set records and it not even cyber Monday. If Americans are languishing then shouldn’t holiday spending be down?
One of the truly great things about American toxic individualism is that it need not be constrained by rationality; American capitalism finds ways around that. Need to Christmas shop for everyone in your family but don't have enough actual income? Simply go into massive credit card debt! You're probably pre-approved for several cards already; check for our flyer!
Re: Is America's jobs market nearing a cliff?
#7Ftfa (the part I could read) “ growth is buoyed by an exuberant stockmarket and artificial-intelligence investment, while ordinary Americans languish” Black Friday sales set records and it not even cyber Monday. If Americans are languishing then shouldn’t holiday spending be down?
Black friday is a datapoint. But maybe people are deferring purchases to these sale periods. What proportion of goods were luxury vs. not.
Also poor people can get into debt they are still poor. Maybe they can afford a nintendo switch but not afford to raise a family.
Re: Is America's jobs market nearing a cliff?
#8Ftfa (the part I could read) “ growth is buoyed by an exuberant stockmarket and artificial-intelligence investment, while ordinary Americans languish” Black Friday sales set records and it not even cyber Monday. If Americans are languishing then shouldn’t holiday spending be down?
[deleted]
Re: Is America's jobs market nearing a cliff?
#9Ftfa (the part I could read) “ growth is buoyed by an exuberant stockmarket and artificial-intelligence investment, while ordinary Americans languish” Black Friday sales set records and it not even cyber Monday. If Americans are languishing then shouldn’t holiday spending be down?
K shaped economy with increasing expenditure means the wealthier increase their spending as a portion of the economy and at an absolute level. It is not interpreted as the polity doing well - if anything, it is cause for concern.
Re: Is America's jobs market nearing a cliff?
#10Ftfa (the part I could read) “ growth is buoyed by an exuberant stockmarket and artificial-intelligence investment, while ordinary Americans languish” Black Friday sales set records and it not even cyber Monday. If Americans are languishing then shouldn’t holiday spending be down?
K shaped economy with increasing expenditure means the wealthier increase their spending as a portion of the economy and at an absolute level. It is not interpreted as the polity doing well - if anything, it is cause for concern.
The wealthy don't buy more crap on black Friday.
Inequality is very visible in terms of what sort of consumption occurs. Gotta look at the qualitatives.