Using data compiled by the federal government’s Bureau of Labor Statistics, the True Rate of Unemployment tracks the percentage of the U.S. labor force that does not have a full-time job (35+ hours a week) but wants one, has no job, or does not earn a living wage, conservatively pegged at $25,000 annually before taxes.
According to them, instead of an unemployment rate of “3.8 percent”, the true rate of unemployment is actually 24.2 percent.
It's still really low if you compare it with the last 20 years. It's even lower then most of the Trump years (except for that speck in 2019). So yeah... 🤷♂️
[b]EDIT:[/b] It's super remarkable, that 9 people already hearted this message and some others vomited out their bile about how bad the democrats are... while Bidens presidential periode has the best numbers on "true rate of unemployment" from the last 20 years. 😅
The Democrats pretty much want and subtly tell people to stay dependent on them. They do little other than semantics about affording people gainful employment other than the federal sector where they hope to get more voters. Democrats have an acronym too, K.Y.H.O.=Keep Your Hands Out.
If you're bemoaning the fact that many Americans don't "earn a living wage, conservatively pegged at $25,000 annually before taxes," then you should have no problem supporting raising the minimum wage to $15/hr.
Let's start at $15/hr and index it to inflation (which is what the Democrats SHOULD have done when they could have during Obama's first term; but they prefer to have the issue around to beat up on Republicans with it.)
