this post was submitted on 13 Sep 2023
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Work Reform

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[โ€“] [email protected] 16 points 1 year ago* (last edited 1 year ago) (1 children)

utterly disconnected with reality

is there another way to accumulate that amount of wealth?

having said that, if unemployment is 10% and he thinks it needs to jump (and not to be 50%) then unemployment would be at 15%

[โ€“] [email protected] 5 points 1 year ago

If unemployment is 10%, then the actual amount of people who aren't employed anywhere is 50%. Because the laborforce participation rate is only 60% of the population.