To me, it's very confusing that there is an overabundance of work such that we are facing a labor crisis, but it's somehow also true that GDP growth is at 2%.
Wages aren't keeping up with inflation and the "labor crisis" is capital trying to spin greater labor leverage as an undersupply problem rather than an undercompensation problem.
To me, it's very confusing that there is an overabundance of work such that we are facing a labor crisis, but it's somehow also true that GDP growth is at 2%.
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Doesn't sound wrong
Buying/selling ownership stakes in companies
Based on expectations of future value of companies
Based on expected profitability of the companies
Based on how much value they can potentially extract from laborers in the future
Yeah sounds about right
Not so hard to explain if the economy stayed the same size and you lost a million workers to covid
Edit: this is also the explanation behind “I don’t understand the benefits ran out why aren’t people getting back to work”
Corpses can’t work
Capitalist: So make that corpses 7year old work
Wages aren't keeping up with inflation and the "labor crisis" is capital trying to spin greater labor leverage as an undersupply problem rather than an undercompensation problem.
GDP is fake.
That's why growth slowed, you see!
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