What's your evidence for that? Unemployment was really quite low in the last decade up until a few months ago, with presumably the same 'oligarchs' already in power?
It's not good enough to just point to one statistic and cancel out a deeply complex claim like that one.
How do we know that?
> If there was no increase in federal minimum wage in a decade, you can see why employment went up in that exact same decade.
That's great news, if true. It suggest a very actionable strategy to keep unemployment in check.
(Though, of course, looking around the globe, even the absence of a minimum wage law doesn't make all other unemployment problems magically vanish.)
> It's not good enough to just point to one statistic and cancel out a deeply complex claim like that one.
Indeed. This was just to point out that the claim would have to be backed by quite a bit of evidence, because the surface facts about unemployment need quite a bit of explaining away first.
There was no evidence at all provided in the comment I replied to. So this was an invitation to bring some evidence.
I have no opinion on 'oligarchs', only on hypothetical 'oligarchs who have a policy of discarding workers'.
If you haven't... you really should
If doing that doesn't change any of your opinions on the matter... oh well, we're already doomed.
https://www.bls.gov/news.release/pdf/empsit.pdf says that US unemployment rate for June 2020 was 11.1%.
https://www.admin.ch/gov/de/start/dokumentation/medienmittei....
(caveat: bei uns gibt's Kurzarbeit.)
It's useful to point out which countries / places you talk about. We only let the Americans get away without it.