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Re: ForReal post# 404096

Friday, 03/04/2022 12:29:24 PM

Friday, March 04, 2022 12:29:24 PM

Post# of 487227
Actually, labor market participation is kind of a bogus stat. It completely ignores the so-called "underground" economy, wherein millions of people work in jobs that are unreported. As are their incomes, although they do pay taxes (and get no benefits).

More people are working than is reflected in these figures. Full employment is usually considered to be under 5% unemployment to account for people temporarily looking for new jobs.

https://www.bloomberg.com/quicktake/full-employment

So we're at full employment, no point splitting hairs about the timelines. And that's why so many businesses have "help wanted" signs out front.

Turns out we can actually use a few of those asylum seekers / undocumented immigrants who were denied entry at the border or were forcibly removed from the factories in which they worked and deported.

It's interesting to note the some of the same countries that have arms wide open for Ukrainians (which is good) were so reluctant to
take Syrians, who suffered far worse. Wonder why that is.
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