this post was submitted on 20 Dec 2023
1297 points (96.1% liked)
Political Memes
5445 readers
3254 users here now
Welcome to politcal memes!
These are our rules:
Be civil
Jokes are okay, but don’t intentionally harass or disturb any member of our community. Sexism, racism and bigotry are not allowed. Good faith argumentation only. No posts discouraging people to vote or shaming people for voting.
No misinformation
Don’t post any intentional misinformation. When asked by mods, provide sources for any claims you make.
Posts should be memes
Random pictures do not qualify as memes. Relevance to politics is required.
No bots, spam or self-promotion
Follow instance rules, ask for your bot to be allowed on this community.
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Understandable for GDP, but unemployment should be a factor you consider in measures of well-being. Employment is one of the most important factors in a person's life path. Unemployed people run into more financial difficulties, is associated with health problems, and results in society wide effect like increased crime.
As the person above mentioned, the employeement rate means absolutely nothing if those jobs don't pay enough. It's why employment is a useless metric, sure unemployment is low but how are people doing? Well, the amount of people living paycheck to paycheck and kids going hungry has skyrocketed. Shit, I'd bet half the reason jobs fill quickly is because many people are working more than one. If you need the equivalent of 3-4 working people to maintain a one bedroom apartment for two people then the economy is dog shit. People shouldn't have to double their work just to get by but that's what's happening to damn near the entire generation of the most highly educated workforce of all time.
I'd say unemployment is a semi-useless metric: if it's high, things are definitely bad, but if it's low, things aren't necessarily good.
This- you can't claim unemployment when you lost one job but still have another, if you need both to get by you're just fucked.