Since the pandemic, the economy and jobs market have recovered
Lie from the jump. The whole article is a lie, unless you're the upper arm of the k.
Gell-Mann amnesia, indeed.
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My 80 year old mom is driving for DoorDash in a car she's borrowed from me.
They may not call it a depression, but our experience tells us it is.
It used to be that if you spent $100 going out, you'd be talking about a nice restaurant dinner, a movie, and a couple of drinks at a club afterwards.
Now $100 is just the dinner.
It's a month's rent if you want to go to a big concert.
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Economists are generally the last ones you can trust about bad economic tidings.
For one, almost all are paid by monied interests that don't want to spark a rout in the markets.
For another, they tend towards self impressed arrogance, talking down to everyone that didn't read their books, even as they have been consistently wrong.
Disclaimer: I don't have the best record on predicting markets either, which apparently can remain solvent longer than I can remain sane.
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It's clear most modern Economists are wankers who don't understand people or the bigger picture outside of monetary economic figures.
I say most because economics gets interesting when you talk about non monetary economics.
Economists:
The economy is in a death spiral. You need to simply go outside to see it, if you can afford that. This is the same as how states warn people at the last minute about evacuations during hurricanes. It's to push off panic.
Once we hit Japan level inflation we can all have a 30$/hr job that will mean virtually nothing.
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