5/9/2018 0 Comments
I talked about this a few months ago, but thought it important to rehash a few thoughts. You'd think that record low unemployment would lead to prosperity and higher wages and good times for all. However, there are too many other reports that tell a very different story.
Almost 55 million Americans live in economically distressed environments. And that doesn't count the people working two or three jobs hanging on to middle and working class housing...http://eig.org/dci.
The unemployment rate is much more nuanced that what they tell you in mass media. It's troubling....http://thehill.com/opinion/finance/368559-low-unemployment-rate-doesnt-tell-the-whole-story
The unemployment rate is no longer a clear indicator of a nation's economic health....https://www.counterpunch.org/2018/03/21/the-unemployment-rate-is-an-inadequate-reporter-of-u-s-econo...
Most people's jobs are only paying slightly more than they did in 1980....https://www.politico.com/story/2018/05/04/april-jobs-numbers-2018-568596
There is a dramatic re-distribution of wealth still happening in our society, and is speeding up....https://www.politico.com/story/2018/05/04/april-jobs-numbers-2018-568596
Not to be a Debbie Downer, but a bigger picture of things indicate the US is trending toward an unfortunate economic crisis in the near future, despite the snapshot provided by the mainstream news today. My prediction is that underemployment and cheap job creation is the prelude to technical/automation unemployment.
This is also good news in that more people are looking for alternative forms of economic empowerment for communities. This data only intensifies that search.
Chet W. Sisk is an author and one of the world's leading Social Futurists. He is also expert on the current world paradigm shift. Find out more about him and the LEAD Global Team at www.leadtheshift.com or you can write him directly at firstname.lastname@example.org