genuine question: i thought we were already in a recession? like, literally the entire time i've been alive i've been hearing ominous things about The Recession™
Pretty much. As I understand it the "recovery" from 2007-2008 was based entirely on juicing the numbers and on gig economy and minimum wage part time jobs.
it's just PR. we never leave a recession, the government just stops acknowledging it.
when the economy gets even worse, they say 'oh look we're in a recession again, which implies that we must have left the previous one at some point.'
genuine question: i thought we were already in a recession? like, literally the entire time i've been alive i've been hearing ominous things about The Recession™
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more efficient than the boom-bust cycle! capitalist innovation!
By any measurement except the official ones we've been on a recession for at least 15 years. Now it's just going to get worse.
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Pretty much. As I understand it the "recovery" from 2007-2008 was based entirely on juicing the numbers and on gig economy and minimum wage part time jobs.
it's just PR. we never leave a recession, the government just stops acknowledging it.
when the economy gets even worse, they say 'oh look we're in a recession again, which implies that we must have left the previous one at some point.'