Re:Limitarianism: The Case Against Extreme Wealth: Ingrid Ro...
by MacsHeadroom on Saturday February 03, 2024 @02:42PM
(#39243998)
Labor force participation rate has been rising since COVID. The long term trend is down but not so bad. A decade ago the rate among adult men was 72% while last month it was 70.2% and continuing to rise. https://www.bls.gov/charts/employment-situation/civilian-lab...
Wage growth beat inflation by almost double most months last year, rising around 5-6% YoY each month vs ~3-4% inflation. https://www.statista.com/statistics/1351276/wage-growth-vs-i...
Re:Limitarianism: The Case Against Extreme Wealth: Ingrid Ro...
by yellowapple on Monday February 05, 2024 @09:53PM
(#39270211)
Well then I guess we'll see if the trend actually reverses or if it corrects back to how it's been since the 70's. Barring some significant systemic reforms I ain't exactly holding my breath.
That doesn't measure underemployment, nor does it measure people who've given up on finding work. That's why it needs to be considered alongside things like the labor force participation rate - which has been on a downward trend since 2000 - and alongside wage growth, which has lagged below inflation since the 70's.
> January 2024 saw the most growth followed closely by December 2023.
Which jobs, specifically? At what pay? Destroying a $50k/year job to create two $25k/year jobs ain't progress.