Post
Topic
Board Economics
Re: Joblessness
by
Abiky
on 25/12/2024, 01:23:18 UTC
A person’s first instinct when they lose their job is to find a new one right away. But it wouldn’t hurt to take a few time off and reflect why you lost the job. Maybe there’s something you lack. Maybe there’s something you can improve. Maybe you can invest in yourself more and learn new things. Learn new skill sets. Explore and experience new more things that could help you land a better and more stable job in the future.

Unfortunately not everyone has the privilege to not work and focus on themselves that’s why they never improve in terms of the job they land on. Since they don’t have the time to focus on themselves and their skills, they remain only on a specific level and their wages are also the same.

I don't think people have time to think it through. With how fast the cost of living is rising, the unemployed would need to quickly find a new job to survive. If you're jobless, you're "dead". Now people need to have at least 2-3 jobs to make a living. This tells us how bad the economy is. Not only in the US, but all other countries in the world (worldwide). We can blame COVID-19 and geopolitical tensions (wars) for this.

What troubles me is that wages aren't rising at the same pace inflation does. Core inflation remains high, despite claims from central banks that it has "slowed down". I'm hoping BTC becomes the world's standard unit of account to fix everything. Maybe this crisis is telling us Fiat's days are numbered? Only time will tell...