Replies to post #467767 on Tornado Alley (PROG)

[newmedman]

Maybe where you live because the majority of people don't want to go to work and rather sit and bitch about the reasons they don't want to but here it's absolutely booming again. We're trying to push youngsters through the apprentice school as fast as we can and jobs still go unfilled.

I wish I could go back but I'm okay with what I'm doing now.

[blackhawks]

It SHOWS that you cannot match your tired ass talking points to specifics economic facts.

A K shaped recovery presupposes to things:

1. a recession to recover from, thank you orange f'k face for your mishandling of the Covid response and for the resultant recession.

2. A recovery, which uneven though it may be IS a recovery. Do you really imagine that the post Covid economy would've been handled better by Trump and by more trickle down GOP economic orthodoxy?

We'd have had a FU recovery.

The recession that followed the COVID-19 pandemic sparked a widespread awareness of K-shaped recoveries. In the second half of 2020, many jobs and sectors enjoyed a limited economic recovery in the United States. While not fully returning to pre-recession levels, high-income and white-collar workers did recover most of the income and job losses suffered during the second quarter of 2020.

Many low-income households and more vulnerable sectors of the economy did not. The pandemic recession left entire industries either depressed or virtually shut down. For example, the financial and education sectors had unemployment rates of 4.4% and 5% respectively, close to what economists traditionally consider full employment. However, the hospitality and leisure sector had an unemployment rate of 19%, transportation 9.8% and mineral extraction workers 14.9%. (By the end of 2022 the Bureau of Labor Statistics reported an overall unemployment rate of 6.5%.)

Unemployment is nearly 3 points lower now

This is a K-shaped recovery in action and it has significant implications for public policy. It has led to confusion among many Americans about the actual state of the coronavirus-driven recession, as well as the policy concerns surrounding the related public health debate. It can particularly create false impressions of a shared recovery, particularly if voters and policymaker only look at headline data.

The Bottom Line
What Is a K-Shaped Recovery?Unfortunately, recessions are a fact of life. * While major recessions are historically rare, despite the experience of 2008-2009 and 2020, it’s important to understand how the economy can dip and fluctuate. A K-shaped recession occurs when different sections of the economy recover from a recession at different rates. It describes the shape data makes, with high-performing sections of the economy separating from low-performing sections in a graph that resembles the arms on the letter K.

*NOT rare for GOP presidents.

https://smartasset.com/financial-advisor/k-shaped-recovery

[janice shell]

The modern economy is not working for the majority,,

Really? Then let's go back to the economy of 1820? Would that be better? Or should we try for 1680? We wouldn't even have to bother with democracy if we did that!! Trumpty could be KING, which he'd simply ADORE!!