You call yourself a comrade and you’re coming to bat for the democrats using GDP Stats? I understand wanting to work within the system but the democrats are not our friends, they certainly aren’t socialists. They are funded by the same corporations that the republicans are. Read more Marx. - ThreadSky

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runestrider.bsky.social • 105 days ago

You call yourself a comrade and you’re coming to bat for the democrats using GDP Stats? I understand wanting to work within the system but the democrats are not our friends, they certainly aren’t socialists. They are funded by the same corporations that the republicans are. Read more Marx.

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dietsocdem.bsky.social•105 days ago

I don’t think you have. In fact I think there’s something very wrong with supposedly economically minded people when unemployment is close to or below 5%, and they speak or behave as though that’s not something good.

https://bsky.app/profile/dietsocdem.bsky.social/post/3liujfqpz6k2e

dietsocdem.bsky.social•105 days ago

I’ll save you the trouble of googling. Whether under capitalism or socialism some percentage of your workforce is always in transition between jobs. It can be training, parental leave, whatever, point is economists think that percentage is at least 5%.

dietsocdem.bsky.social•105 days ago

And to push passed 5%, employers start offering incentives. Better hours, awards of excellence and importantly MORE PAY. If you wanna be a leftist who thinks more pay is bad for workers, go right ahead. The last guy pushed a paper whose own authors had refuted at a later date.

ikapoz.bsky.social•105 days ago

U3 unemployment can be quite misleading when looking at the economic prospects of the populace, as it excludes some classes of the unemployed, the underemployed, and those that are employed but still in poverty. I don’t wholly disagree with you but that statistic paints an artificially rosy picture.

dietsocdem.bsky.social•105 days ago

I think so too, like if someone thinks we’re not actually at 5%, but they think the true number is 6% or 7%, that’s fine, you’re enough in the ballpark that I plausibly you closer to correct. I do think its wildly ignorant when people talk like we’re in stagflation already, which very much may come.

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