Loading ...Do you want to hear something crazy? To make a point?
If the USA had a 10% unemployment rate, and the 90% that are employed were earning double wages, the economy would boom. Tax receipts would be double, and nobody would care about people on food stamps or welfare. Those things would not annoy anybody that’s well off. And able for involuntary sharing.
Now, if the unemployment rate is 3.8% or even 0%, with everybody working, but the general typical wages are 20% lass than they really need, to live good, they can’t afford to pay much or anything in taxes and or have to watch every penny, they can’t spend into the economy and help support it. Plus the low paid general population that pays taxes they can’t afford, then they despise other tax absorbing people collecting welfare and Medicaid.
So in reality, the USA has a real adjusted 22% unemployment rate since 1975 and the USA has a $22 trillion national debt to PROVE it. The American people are in a fog. And so are the central planners.