Post
Topic
Board Economics
Re: Technological unemployment is (almost) here
by
Murwa
on 02/01/2014, 16:16:02 UTC

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!

And dont forget government jobs ( which are on record high worldwide )

Those are not free-market jobs those are politics sponsored jobs. Government all around the world could employ half a population to sit a the desk and do nothing Rassak would still claim technological unemployment does not exists because unemployment is low.

This iron free-market logic ...