Go to "Latest Posts" on this site and spend a bit of time scrolling and you will see major layoffs going on at many, many corporations. Daily we are inundated with the media telling us how "Awesome" the economy is and how this is the lowest unemployment in HISTORY!!
So, why are all these companies laying people off then? And how can this be the lowest unemployment in history if so many companies are laying people off?
Hmmm, maybe the media is giving us fake news? Yes, just maybe
There's especially little prosperity in the tech sector in Kansas City, shared by only a few. If you want a successful career with better long-term potential and money, then you have to leave town and/or consult. Otherwise, complacent logs will end up short with no job before you're ready to retire. All while working for B-grade or worse management compared to the national scene.
I just don't get why the real-estate sector in KC is "hot" at all, considering other than Cerner & Garmin there really arn't many companies adding head count or increasing wages. It's a phony prosperity hype affecting a large sector of the U.S., pretending the job market is better than it really is. Plus, the gummint is tapping us for more appraisal-based-taxes. Chicken or egg?
Quite a while back, "unemployment" was reconfigured to exclude: 26 and under, 55 and over, and those who've not looked for a job in the past 4 weeks - where we have millions upon millions who've given up looking and are 'long term unemployed'.
THAT is how you arrive at "a good economy".
Jobs, not actually relevant any more, given
for every employment based green card application, the employer is required to advertise the job in 3 locations. So, no, there aren't gobs of unfilled jobs. Because while they're required to advertise each of these jobs, they've no requirement to interview, let alone hire qualified citizens.
GDP, money that goes to the wealthy, so no indicator "the economy" the rest of the population experiences is "good"
Forbes article in 2015 said 10% of all jobs changed to "contingent", in that year alone, which brought it up to 40% of jobs at that time. And rising.
And the most telling, wages are (STILL) stagnant, the hallmark of a tight labor market.
The world is getting worse and worse...
For every DST which was being run by complacent/incompetent morons, you have a Cerner that is being run by forward thinking innovators and is enjoying massive success.
LOL, if the media is reporting "fake news", then the fake news is coming from the top.
Unfortunately, the metric used to measure the "economy" seems to be different depending on the day of the week, the hour on the clock, or the person you ask. I've seen people argue the economy is good because unemployment is low. I've seen others argue that the economy is great because of the high stock market. Even still, I've seen people argue the economy is doing great because we haven't had a recession...lately. But take a look...a real deep look, at the actual numbers, and things don't look so great. Sure, unemployment is down. But, jobs s--- due to either low pay, hours, or both. The stock market is booming...but how does that help the middle class who can't afford to invest after their rent or mortgage payments. Recession, its' knocking on our door. The tax cuts resulted in pocket change for Americans, but for companies, it allowed stock buybacks, which benefited their investors (who the companies ACTUALLY care for - not YOU, the employee). The idea that companies would re-invest in the company or their employees was laughable when the tax cuts were proposed.
Our economy is a mess, and I suspect more layoffs coming as things start to unravel thinks to idiotic policy decision like trade wars...
Well, the media does tell us what our leaders say, so is it fake news, or rather being truthful in reporting what lies that our leaders are telling?
If we hear “the economy is great” often enough, won’t we believe it? That’s the leaders’ plan, anyway.
Remember: the stock market is not the economy, and the economy is not the stock market. what’s good for some is not good for all.