this post was submitted on 13 Sep 2023
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Work Reform

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A place to discuss positive changes that can make work more equitable, and to vent about current practices. We are NOT against work; we just want the fruits of our labor to be recognized better.

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[–] princessnorah@lemmy.blahaj.zone 38 points 1 year ago (12 children)

Unemployment needs to jump 40-50%??? Is this guy seriously that utterly disconnected with reality? In Aus it’s never hit more than 12% in the last 4 decades, the economy would just collapse if unemployment got that high. It only got to 32% during the Great Depression in the US.

[–] correcthorsedickbatterystaple@kbin.social 16 points 1 year ago* (last edited 1 year ago) (1 children)

utterly disconnected with reality

is there another way to accumulate that amount of wealth?

having said that, if unemployment is 10% and he thinks it needs to jump (and not to be 50%) then unemployment would be at 15%

[–] Otome-chan@kbin.social 5 points 1 year ago

If unemployment is 10%, then the actual amount of people who aren't employed anywhere is 50%. Because the laborforce participation rate is only 60% of the population.

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