>But, it just highlighted how many people are working and not earning a living wage in the first place.
Exactly, we allegedly had the best economy the world has ever seen, record high stock prices/markets, and lowest rate of unemployment.
But the reality the economy was revealed to be weak and not even capitalism (capital based ownership) but some form of debtism (some form of financial servitude, in lieu of ownership). In the best economy ever and 40% of the population couldn't afford a $400 emergency. Our public companies with their record stock prices needed $4T for the FED to "stabilize the market" (political speak for taxpayers are buying these stocks at these overvalued prices). Customized taxpayer bailouts for entire industries that don't have any runway of capital to service their debts.
Exactly, we allegedly had the best economy the world has ever seen, record high stock prices/markets, and lowest rate of unemployment.
But the reality the economy was revealed to be weak and not even capitalism (capital based ownership) but some form of debtism (some form of financial servitude, in lieu of ownership). In the best economy ever and 40% of the population couldn't afford a $400 emergency. Our public companies with their record stock prices needed $4T for the FED to "stabilize the market" (political speak for taxpayers are buying these stocks at these overvalued prices). Customized taxpayer bailouts for entire industries that don't have any runway of capital to service their debts.