We’re headed for a revolution, of the French variety.
I already know that you are from the US because of the implicit defaultism of your question. Yes, it doesn’t look good at all.
I’m in the UK
Sure.
It depends on who “we” are.
If you’re in the US, then bad news buttercup - you’re already under the thumb of a ruthless insane dictator, and the economy is the last of your worries.
brought on by the dismal job prospects of many degree/fields too, even before trump 2nd term.
Yes degrees are ridiculous nowadays. Graduates are ten a penny and debts are awful
before covid hit i was visiting indeed forums and glassdoors quite alot. and found out so many people are like struggling with thier employment. Indeed and glassdoor shut them down, because the employers/companies were threatening the site owners with lawsuits because it made them look bad, because people were reporting how terrible the employers were, unethical business practices,etc.
i was looking at CLS program(which requires graduate schooling) in cali, and found out everyone wants to come to cali for the program(apparently very few schools actually have these programs , so naturali california was a state they would go to for a better chance in the field.)
We are always headed for a crash. That’s the cycle of capitalism without strong regulatory mechanisms to mitigate it. I believe it is every 4-7 years that a crash has happened in the last 300 years.
we’ve already crashed
A crash? I’d say we’re in a plane from which the pilot decided to press the “eject wings” button.
Don’t worry. Trump is making sure you can get a job picking crops. You’ll be living in a tent. No rent, not utilities. You’re welcome!
Brave of you to assume he won’t make people who live/work there pay rent and utilities, and that “the haves” won’t say he’s a great guy for providing this.
Sarcastic humor aside, migratory agricultural work is a thing in the US. Some of my friends did it back in the 80’s. Live in a tent on site, earn by how much you pick, save money because no rent and no place to spend. No federal taxes. Blueberries here, apples there, travel to where the crops need picking. Clean fish in Alaska or work on the boats.
Slapping on tariffs at a time with inflation, high consumer anxiety, and wage stagnation is going to be looked on as one of the worst moves a president has made.
He is, without a doubt, the worst and second worst president in the country’s entire history.
Trump: “Ah, but you have heard of me!”
FAKE NEWS TDS, TRUMP IS OUR LAWD N SAVIOR, HE HAS RISEN AND REPLACED JESUS CHRIST. /s
He rose from the dead? I knew something about him seemed zombie like. The dead eyes and awkward hand motions gives it away.
Um, dude we’re not just talking about any normal man, we’re talking about Our Lawd N Savior Convicted Felon Donald J Trump. He didn’t just rise from the dead, he made his own bible.
Praise be his hypocritical name. In the name of the racism, the grift, and the holy crime, amen.
Amen in the name of the bigT
We can only hope! (That this is considered one of the worst ones…)
Worse, you will get used to it.
Grocery value didn’t go up. Real wages went down. We should measure inflation based on cost-of-living.
Groceries don’t really get more expensive, because the methods for producing food don’t really get less efficient over time; if anything, it’s more efficient. So there’s no real reason for them to become more expensive.
Instead, wages declined. I’ve already commented many times that the labor market is a free market, that means it’s regulated by Supply and Demand. I.e., if prices for labor go down, as we can observe, then that can be interpreted such that supply of labor went up (women go to work too, offshoring labor to other countries, immigrants, …) or that demand for labor went down (automation, end of growth, …).
I honestly think that both cases are difficult, where the supply of labor could be a bit reduced by kicking out immigrants and home-shoring labor (and also, to a lesser extent, making it more difficult for women to work), which btw some advisers to trump are seemingly trying to do, but my honest opinion is that it won’t bring wages up to how they were in the 1960s. Demand for labor is shrinking too, due to the end of growth and now AI and other automation techniques. I guess we’ll have to face that.
edit: just to offer an optimistic outlook, i think that consumerism and therefore demand for consumer products could be stimulated by simply giving handouts to people. most people will spend most of the handouts immediately, and that stimulates consumerism. and that in turn stimulates the economy.
Groceries don’t really get more expensive, because the methods for producing food don’t really get less efficient over time; if anything, it’s more efficient. So there’s no real reason for them to become more expensive.
There is reason though. Making them more expensive increases money in flow. Prices aren’t just based on supply
Yes
No. Things will just get worse.
Your statement has probably been true since 2008. Maybe longer.
This is so absolutely adorable.
I live in country that has plateaued financially for the last 2 decades.
You’ll be fine. Really. In opposite to what you might have heard, free market capitalism in no way requires constant growth. It can adapt to plateaus or degrowth just fine.
America doesn’t do free market capitalism it does late stage capitalism, where profits do in fact need to be record high every quarter, even if that means people are gonna die (like 10m people becoming uninsured, plus us borrowing a bunch of money from China, so we can give more to the billionaires that own us and don’t need it).
Which country would this be?
