Oh I absolutely agree that the 4.1% figure doesn’t represent actual economic conditions. Wide swaths of the country are underemployed and undercompensated.
What it does capture is what portion of the country has a job, no matter how shitty, occupying their time. When people have nowhere to go and nothing to do during the day, THAT is when we see real protests. People will make it their job to yell at those in power to fix things when there is nothing else taking their time. We saw that during the Covid lockdowns.
Oh I absolutely agree that the 4.1% figure doesn’t represent actual economic conditions. Wide swaths of the country are underemployed and undercompensated.
What it does capture is what portion of the country has a job, no matter how shitty, occupying their time. When people have nowhere to go and nothing to do during the day, THAT is when we see real protests. People will make it their job to yell at those in power to fix things when there is nothing else taking their time. We saw that during the Covid lockdowns.