undefined | Better HN

0 pointsanotherhue2y ago0 comments

I’m not an economist, so I cannot defend either of these points particularly well.

* Inflation has been rising for so long that wages would have to eventually follow.

* Unemployment figures can be gamed in various ways, especially in an election year, however the real question is "Are quality jobs being created or do we have a glut of open burger flipping positions"

0 comments

2 comments · 1 top-level

legitster2y ago· 1 in thread

>however the real question is "Are quality jobs being created or do we have a glut of open burger flipping positions"

I don't get this argument. I was flipping burgers in 2008 and we saw an influx of overqualified applicants because people needed the work.

If people are not desperate enough for these jobs as menial as they are, that's still a positive economic sign. Especially when they can't find burger-flippers in our area right now at $21.89 an hour.

anotherhueOP2y ago

The argument essentially is that a $100/h job is worth five $20/h ones but you wouldn't see that in the stats which only count > $0.

Mortgages and cost of living don't go down if you take a lower paying job but you're certainly worse off.

j / k navigate · click thread line to collapse