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A comment on 1 in 4 Americans are jobless or earning poverty-level wages, new study finds. Parent comment

Re:1 in 4 Americans are jobless or earning poverty-level wag... by refurb on Saturday November 21, 2020 @08:43PM (#25174177)
Prior to Covid the unemployment rate was the lowest it’s been in 40+ years and wage growth was 6%+ in 2019.

The issues this article highlights are not systemic, they are because of the pandemic.

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Re:1 in 4 Americans are jobless or earning poverty-level wag... by simongr3dal on Saturday November 21, 2020 @09:11PM (#25174306)
Wage growth and gdp increases don't really do much for a lot of people if inequality is high.

Unemployments statistics also differ heavily on what the specific statistic consider unemployment to be.

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Re:1 in 4 Americans are jobless or earning poverty-level wag... by refurb on Saturday November 21, 2020 @09:36PM (#25174431)
https://www.census.gov/library/publications/2020/demo/p60-27...

6.8% increase in median household income from 2018-2019. Look at the stats, most of that growth went into the lower quintiles.

And no, even if income inequality increases, higher incomes for low wage workers have real, immediate benefits.

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Re:1 in 4 Americans are jobless or earning poverty-level wag... by therealdrag0 on Saturday November 21, 2020 @10:15PM (#25174643)
Not discounting the pandemic. But how good it was before could be debated further around how much those income gains were slurped up by rising education/healthcare/housing costs.

Furthermore income isn’t everything. If wealth inequality wasn’t so great than even those unemployed would be able to weather C19 must more comfortably.

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