this post was submitted on 05 Apr 2024
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Because unemployment is a bad metric. If you are working part-time at a pay rate that isn't enough to pay the rent, you're not unemployed but you're also not living well.
If you're not working any job because your skill set isn't in demand but you can't afford to learn new skills because you're not working, you're not considered unemployed. And you can't just get an "unskilled" job because your experience makes you overqualified and applying without a resume won't get you hired and even if you did get hired see the first point for why even bother.
Good thing the US underemployment rate, which includes part time workers, is also at near historic lows (7.3%). I’m not saying everything is honky dory, but this obsession with how hard our generation (millennials) has it, in denial of living in the wealthiest parts of the world at the most prosperous and peaceful times in human history, is pathetic.
Lmdao. It would be amazing if the wealth wasn’t being stolen, privatized, and insulated to 1% of the populous.