> people are losing their jobs in the tech sector
Want to point out that this continues to be limited to tech, with national unemployment continuing to tick down amidst job creation.
Want to point out that this continues to be limited to tech, with national unemployment continuing to tick down amidst job creation.
There is alot of problems with this metric. First and foremost as that we need to redefine what "unemployment" means, as there are alot of people unemployed that do not count in that metric and conversely some employed people that are counted as unemployed.
The changing types of work (gig economy, etc) need to change how we count things.
Further Decreases in high paying jobs while creating low paying jobs does not seem like it should be something to be celebrated or pointed to as a robust economic activity, in short not all jobs are created equal
> we need to redefine what "unemployment" means, as there are alot of people unemployed that do not count in that metric and conversely some employed people that are counted as unemployed
We have a variety of statistics measuring each of these [1] as well as no single unemployment figure. They’re all not only good, but improving.
> changing types of work (gig economy, etc) need to change how we count things
Part time versus full time has always been measured.
> Decreases in high paying jobs while creating low paying jobs
Real median wages have risen over the last year, are flat to Q4 2019 and at an all-time high exempting Q4 2019 - 2021 [2]. The pain is concentrated in tech, and at big tech at that.