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A reminder to all you far left and far right nutjobs that think Joe Biden has done nothing significant in office
(lemmy.world)
this post was submitted on 18 Jan 2024
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Lowest employment rate, not lowest unemployment rate.
https://www.bls.gov/charts/employment-situation/civilian-labor-force-participation-rate.htm
You have to go back to prior to women entering the workforce in droves or March 2020 to find numbers as bad.
Using that same site, it is lowest unemployment rate
https://www.bls.gov/charts/employment-situation/civilian-unemployment-rate.htm
workforce participation rate is the only number that matters.
So you only care about The Economy™?
I'd rather see a low workforce participation because it would lead to happier population and less obscenely rich
Strawman argument
It wouldn't be a happier population because there are virtually no social services and no one has any savings to live off of.
If people don't have a job in 2024 America, they aren't gardening and writing poetry and living their best lives not having to work. They are dying when they can't afford healthcare.
I understand that, but if a low workforce participation was seen as a good thing by the country then the systems would have changed to be closer to that ideal. It's not that way now, but the economy is basically only code for how much the rich makes.
I know it looks like I'm living in a different world, but I'm not. We do need those systems you mentioned.
On the economy, if it's good the lower classes keep their jobs usually, while if it's bad then the rich lose money from their hoard and we get fired to "raise the stocks" or something so they can keep adding to their hoard.
I would love to have such social systems in place and have people who have a savings to speak of. I know I don't.
Low employment sounds like a good thing imo. Goal should be 0% employment long-term.
Granted, with the current system, generally low employment just means people doing without.
No. Maybe you dream of a life with no work but that is not mine.
No employment doesn't mean no work.