4.1 is an exceptionally low unemployment rate. An unemployment rate of 1% would be beyond impossible to achieve and would certainly cause out of control inflation, yet there would still be over 3 million people unemployed. That’s still “a lot” of people. That’s not something that any economy fixes. Most of those people are going to be unemployed because they haven’t found the job they want, not because they can’t find any job. For instance, tech workers get laid off all the time and typically take their time finding the right next position.
I never said it wasn’t low. It’s low, but 14 million people is still a lot of actual people, people just like you, under a different circumstance.
14 million people looking for work means there are a lot of potential scabs, because our social safety nets are fucking laughable. They don’t even exist for a lot of people, such as those with no work history yet (can’t get unemployment if you’ve never been employed, for example, and if you only have a couple years employment history, unemployment in a lot of places doesn’t cover shit).
Having been one of the underemployed, you often take what you can get because you don’t have the luxury of finding the “right job”.
Or you and your family become homeless.
Those are basically the options these days and I’m not willing to say that’s not the case just because unemployment (which does not include underemployment, nor those who left the job market) is low by some economists standards, because it absolutely is for millions of people.
So sure, many of those people might be looking for “the right job”, but in the interim, they find and take “the right now” job. And that might be scabby.
It’s not low by some economist’s standards. It’s low by every economist’s standards. Economists don’t agree on much, but they agree on this. Under all circumstances in every economy there are always “a lot” of people looking for employment .
Again, I don’t doubt or disagree with your assessment of your situation. Again, I support you. It’s not the economy making the safety nets so bad. There is plenty of money to pay for it, we just don’t. It’s not the economy attacking unions, it’s the employers and many politicians. It’s not the economy allowing companies to fire striking workers, etc. the economy is fine. It’s the labor system that’s broken, and no economy will fix that.
4.1 is an exceptionally low unemployment rate. An unemployment rate of 1% would be beyond impossible to achieve and would certainly cause out of control inflation, yet there would still be over 3 million people unemployed. That’s still “a lot” of people. That’s not something that any economy fixes. Most of those people are going to be unemployed because they haven’t found the job they want, not because they can’t find any job. For instance, tech workers get laid off all the time and typically take their time finding the right next position.
I never said it wasn’t low. It’s low, but 14 million people is still a lot of actual people, people just like you, under a different circumstance.
14 million people looking for work means there are a lot of potential scabs, because our social safety nets are fucking laughable. They don’t even exist for a lot of people, such as those with no work history yet (can’t get unemployment if you’ve never been employed, for example, and if you only have a couple years employment history, unemployment in a lot of places doesn’t cover shit).
Having been one of the underemployed, you often take what you can get because you don’t have the luxury of finding the “right job”.
Or you and your family become homeless.
Those are basically the options these days and I’m not willing to say that’s not the case just because unemployment (which does not include underemployment, nor those who left the job market) is low by some economists standards, because it absolutely is for millions of people.
So sure, many of those people might be looking for “the right job”, but in the interim, they find and take “the right now” job. And that might be scabby.
It’s not low by some economist’s standards. It’s low by every economist’s standards. Economists don’t agree on much, but they agree on this. Under all circumstances in every economy there are always “a lot” of people looking for employment .
Again, I don’t doubt or disagree with your assessment of your situation. Again, I support you. It’s not the economy making the safety nets so bad. There is plenty of money to pay for it, we just don’t. It’s not the economy attacking unions, it’s the employers and many politicians. It’s not the economy allowing companies to fire striking workers, etc. the economy is fine. It’s the labor system that’s broken, and no economy will fix that.