More people outside employment than COVID or Great Recession. Inflation wiping out income growth. Family units replaced by multi-job slavery shows up as “improved GDP”. There’s the powerball lottery that one person wins every few weeks and then there’s the crippling medical debt lottery that many people are “winning” every day. Wake up.
Real income means inflation adjusted, so we actually see the median income outpacing inflation right now.
> More people outside employment than COVID or Great Recession
There's a lot going on here. One factor is that many people retired early during the pandemic and are going to skew this stat. It's also worth pointing out that the labor force participation rate is ~62% and peaked historically at 67%, so it's not that far off.
The basket of goods is totally transparent and related to things people really buy. Would you want a 2026 inflation number to reference VCR prices?
Only 5.3% of US workers have multiple jobs. The long term average is just above 5%. So it is false to claim more workers have multiple jobs according to BLS stats. This number was above 6% for most of the 1990s.
You are just outing yourself as someone who is a slave to meaningless numbers. Do you think side gigs are reported? You quote unemployment numbers without admitting that people who have given up or simple failed to land a job are not included in those numbers. The numbers are gamed. Feel free to keep showing us who you are.
I mean, everything you just said is trivially refutable with just Google. FRED data isn’t the governments unemployment figures. FRED data relies on people to self report their side gigs that they aren’t paying taxes on? It is a known gap.
