Unemployment is down only because so many people have been under-employed and unemployed for so long they are now forced to work for poverty wages.
What business wouldn’t want to expand with such cheap labor costs?
But this capitalist “boom” cycle will be very short lived simply because these jobs do not pay people anywhere near enough to buy back what they are producing.
We will experience severe “over-production.”
And when this “boom” cycle crashes it is going to be one hell of a collapse hurting tens of millions of people.
And when this capitalist economy crashes this time all the pension funds are going to disappear and people are going to have to work until they die... many people already have to do this.
Unfortunately, many people learn the hard way and don’t start to think until they are suffering the consequences of this rotten capitalist system.
Don’t count on the Dumb Donkeys to save you because they will not even take the most basic steps to defend the integrity of Social Security, Medicare/Medicaid, Unemployment Insurance or public education. Their idea of reforms is to make sure Wall Street is free to rip us off while making it sound good for us while it is killing us.
How can unemployment be lower while poverty increases?
The answer is very simple: When you pay people poverty wages they are going to be poor.