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Why is employment used as an indicator of recession in highly industrialized economies?

The way I see it we are currently headed into a major recession. Companies across the board have taken losses for two straight quarters, inflation is rising at an alarming rate despite multiple fed increases, and Americans are generally struggling to make ends meet. Despite all that, we have not announced an official recession due to the fact that employment is at an all time low. In America and other highly developed nations there are plenty of jobs but these jobs refuse to pay a living wage (before inflation is even factored in). In the US, major corporations like McDonald’s have been posting about “how to live off 8.25 an hour” and has detailed that you need to work almost full time at a second job in order to do so. Where is the line drawn? We can’t make it normal to work multiple jobs 60 plus hours a week.


The way I see it we are currently headed into a major recession. Companies across the board have taken losses for two straight quarters, inflation is rising at an alarming rate despite multiple fed increases, and Americans are generally struggling to make ends meet. Despite all that, we have not announced an official recession due to the fact that employment is at an all time low. In America and other highly developed nations there are plenty of jobs but these jobs refuse to pay a living wage (before inflation is even factored in). In the US, major corporations like McDonald’s have been posting about “how to live off 8.25 an hour” and has detailed that you need to work almost full time at a second job in order to do so. Where is the line drawn? We can’t make it normal to work multiple jobs 60 plus hours a week.

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