Post
Topic
Board Economics
Re: Technological unemployment is (almost) here
by
giantdragon
on 31/12/2013, 16:00:12 UTC
World population grew by 1 BILLION last decade.

And the number of unemployed has increased by more than a billion around the world?
Who knows, may be yes... Official stats are heavily rigged, don't trust them at all!
For example, about 1 million U.S. long term unemployed will lose benefits in January and probably will be deducted from the unemployment rate. Also don't forget about underployment (i.e. people work only 3-4 hours a day with appropriate wage reduction) which is rampant now. Better look at Shadow Stats alternate unemployment rate which looks much more trustworthy!