I, too, can also make up big numbers.
230,000!
Holy shit that’s huge, 5.641574245 × 10^1,133,312
If we’re making up numbers, I like to use my imagination. √-1
NO!
i^2 == -1 => i == √-1
The root is NOT the inverse of the square, and assuming it is will lead you to nonsensical conclusions and banishment to the shadow realm. I reject your imagination and substitute my own… or, I would, but I’m not really up for imagining something funny on the fly right now.
The economic situation is complex.
I’m shocked!
The latest Moody’s Talks Inside Economics episode covers the jobs numbers well and talks about some of thr concerning figures that undermine the headline job growth. Of note: total hours are down and labor force participation are down despite job openings increasing.
This. Unemployment rate went down because half a million people quit looking for work. That speaks volumes.
I’ve always been curious about this… How does this work on a personal level? Like sure, maybe some homes were able to downsize to a single income. Maybe some were pushed to retire instead of working an extra five years. But that can’t account for all of them…
Do some just resign themselves to being homeless and destitute? Like if you’re not working, what are you doing to meet the (rapidly rising) costs of living? Are you just… Not living?
You get food stamps, and start driving Uber, lyft, or door dash, and start picking up gigs here and there. You start selling stuff, work some side hustle, go back to college, etc. Eventually you downsize, and start pulling money out of your 401K. Then it’s a race until Social Security, and you can get a little breathing room. Until your spouse dies, and you lose their SS, and can no longer afford your downsized lifestyle in your old age.
This isn’t new, it’s a very common scenario for people who get cut in their 50s. They often never get another real job again. Think about it, when was the last time your company hired a new 50-something person, who wasn’t an executive?
At this point I think folks are falling back on familial and clan structures. Finding a job in my area has been hell since COVID, and if I hadnt already been living with my grandmother I would have ended up doing so regardless.
Outside of that yeah it’s probably homelessness in various forms, mind you someone with a hunting license living out of a camper van in Idaho looks quite a bit different from a drug addict in say Highland California.
