Quote:
Originally Posted by sebastian_dangerfield
Wage stagnation has remained a persistent problem since 2008.
And labor participation is not explained by boomer retirements. That’s the herd talking. Consider how many retirees don’t have enough to quit, and remain in the workforce.
This isn’t a neat narrative. It’s immensely complex. Far too complex to be shrugged off with a historical analysis of “cycles” from a “science” about as accurate than one’s palm reader.
This tech thing’s been with us for a few decades now. If you were correct about new tech creating more and better jobs over a relevant timeline, new jobs would be outstripped able bodies to fill them 2:1.
ETA: Each recovery since 1990 has been categorized as jobless. Quite accurately, particularly if one looks at jobs paying living wages, rather than low end service jobs.
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Damn, I have never seen such a huge steaming pile of neoliberalism as this post.
