Recent comments in /f/pics

motogucci t1_itjumg0 wrote

Reply to Job hunting in the 1930's, 25% unemployment rate by nsfwdailyy

The supremely wealthy have no need to pay for your services. There's nothing they really need, that they would pay for. They just hang a little bit of money to lure in more.

The mildly wealthy are losing their money to the surpremely wealthy, but think you're the problem. They won't pay you for services unless they absolutely have to.

The less-than-wealthy have nothing to pay you with.

Higher taxes for the supremely wealthy and a different tax structure modified the incentives of the wealthy, and are what got the country out of the depression. Essentially, pay the government much extra, if you aren't paying people. Doesn't ultimately affect the owners of oil, coal, steel, and other incredibly basic commodities. All money flows right back to them, since there's a guaranteed need for these things, by everybody.

But in the interim, either they were paying people more, or the government was taxing these supremely wealthy. And for this brief period where such funds were not in their coffers, those taxes were invested in public works. So the money was paid to people such as in the photo, who are then customers, and the money continues to circulate.

--

Money spent does not go in the garbage.

Money hoarded, however, is effectively pulled out of circulation.

And for the lot who like to bicker on this last point, saying the wealthy add money when they "invest": it's like using a minnow to catch a trout. You wouldn't say you're adding fish to the water, when you're simply using bait to retrieve more.

When large companies invest in an area, they only improve the area for a moment, if at all, during some construction phase. Because of course, the whole purpose of their investment is to draw more money toward themselves. Over time huge companies are a drain. The walmarts, the McDonald's, and forth, syphon money out of regions (some faster than others), and you're left with poor areas.

2

PizzaPet t1_itjucy4 wrote

Reply to comment by Shoddy_Performer_999 in Job hunting in the 1930's, 25% unemployment rate by nsfwdailyy

Alright, dude. Go look at 1933.

https://www.thebalancemoney.com/unemployment-rate-by-year-3305506#toc-us-unemployment-rates-by-year

Again, YOU were the one who said we didn't see unemployment rates that high until Trump. That's just false and you can't admit it for some reason. We have never seen 24.9% unemployment rate since 1933, so cut the crap just because you hate Trump. Lies don't help you.

I also don't give a single fuck about immigrants being unemployed, so I'm not gonna read that. Americans first.

1

Shoddy_Performer_999 t1_itjte5s wrote

Reply to comment by PizzaPet in Job hunting in the 1930's, 25% unemployment rate by nsfwdailyy

Try again.

https://www.forbes.com/sites/jackkelly/2020/05/08/us-unemployment-is-at-its-highest-rate-since-the-great-depression-at-147-with-205-million-more-jobs-lost-in-april/?sh=eebb0be656d1

Trump's legacy.

Immigrants actually suffered even higher rates of unemployment during trump's failed single term,

https://www.pewresearch.org/fact-tank/2021/07/26/immigrants-in-u-s-experienced-higher-unemployment-in-the-pandemic-but-have-closed-the-gap/

3

Shoddy_Performer_999 t1_itjt3j9 wrote

Reply to comment by CactusChan-OwO in Job hunting in the 1930's, 25% unemployment rate by nsfwdailyy

Trump downplayed covid which is why the US had the most deaths by far. Trump failed the covid response so badly that that vast majority of deaths were unvaxxed - his own voting demographic. Then he lost by 8 million. lol.

And fewer people are claiming unemployment benefits than they have in decades. Under trump, unemployment benefit claims ballooned like we never seen before. Oof.

>It's one person coming in from China.

lmao

3

PizzaPet t1_itjrmp5 wrote

Reply to comment by Shoddy_Performer_999 in Job hunting in the 1930's, 25% unemployment rate by nsfwdailyy

You don't take corrections well, do you? You claimed that we saw 25% unemployment under Trump. You were wrong. Why have you nothing to say about Obama's 10% record? The world didn't shut down during his two terms. Also, positions filled has nothing to do with American employment rate. 500 million Chinese immigrants can come start working tomorrow. That will not effect the employment rate.

−2

CactusChan-OwO t1_itjrf74 wrote

Reply to comment by Shoddy_Performer_999 in Job hunting in the 1930's, 25% unemployment rate by nsfwdailyy

More than half the negatives you mentioned were a direct result of COVID lockdowns, not Trump’s economic policies. Also, the way the unemployment rate is measured doesn’t necessarily mean more people have jobs, it just means fewer people are looking for jobs. It could mean more people are working, sure, but it could also mean lots of people aren’t looking for employment, and given all the labor shortages, I’d hazard a guess on the latter.

1

Shoddy_Performer_999 t1_itjqdr5 wrote

Reply to comment by PizzaPet in Job hunting in the 1930's, 25% unemployment rate by nsfwdailyy

Unemployment is the lowest it's been in decades. Thanks Biden. Immigrants will improve the employment issue for companies. Not sure how you got so lost on that. lol.

Anyway, a trip down memory lane is good. Trump's achievements - highest unemployment since the great depression. Millions of businesses closed never to reopen again. Insurrection. Hospitals over capacity all over the country. Government shutdowns. Tens of thousands of americans dying every month. Airports closed. People stuck in their house for months. Massive bailouts. Bread lines. Failed tariffs. Huge deficits. It was the end of days. Sad.

2

PizzaPet t1_itjplnc wrote

Reply to comment by Shoddy_Performer_999 in Job hunting in the 1930's, 25% unemployment rate by nsfwdailyy

Trump brought unemployment down 1.5% from inauguration to Feb 2020. It shot up in March 2020 (covid, obviously) and has been going down since,now back to 3.5% as it was before covid. I wonder how you think that bringing more immigrants will further improve the unemployment numbers of American citizens.

Edit: unemployment was 3x as high at its peak under Obama than it was under Trump (barring covid). Neither of them got anywhere near 25%, but Obama certainly got closer.

−3