In my previous thread I talked about inflation and concluded that, assuming you were "middle of the pack," you needed to make ~2.5x more than what you made back in 1997-2000 in order to maintain a similar standard of living, despite the "official" inflation rate suggesting something closer to 1.8x. (See below)
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https://www.usinflationcalculator.com/
(2000 -> 2023 = The calculator is based off "official" stats and claims there is a cumulative 78% increase in prices when, in fact, the actual increase is closer to 150%)
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However, the chicanery does not end there...as there are some "interesting" numbers surrounding unemployment.
The
Bureau of Lies and Subterfuge (BLS) claims the UE rate as measured by U3 in August 2023 was 3.8%. Which is ****.
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Let's take a look at some other eras where this
3.8% was achieved (AKA WHAT 3.8% UNEMPLOYMENT REALLY LOOKS LIKE):
1960s: Anyone who has lived through this period can testify to how easy it was to find a job. It would typically take anywhere from a few days to a couple weeks unless you were attempting to enter a highly specialized field that required many years of training/university education.
You would send anywhere from 3 to 15 resumes (oops, did resumes even exist back then?
DID YOU EVEN NEED TO USE A TYPEWRITER TO TYPE UP A RESUME BACK IN 1966?

) and landed at least one job based off those 3-15 applications alone.
2000: In the late 1990s, we had a massive tech boom when Internet companies were popping up left and right, and for those of you in tech like
@Neo (I believe he used to work in software QA) you may recall that software and Internet companies were quite literally willing to hire people without any background or formal training in computer science/software.
Please read that again:
Software and Internet companies, in the late 1990s, were quite literally willing to hire people without any background or formal training in computer science/software instead of making you do **** whiteboard questions in interviews that would require the applicant to study for 100+ hours of l33tcode/DS&A questions over and over again + 4 years of uni.
Now compare those eras (when unemployment was legitimately low) to today:
1 - (USA data)
- It takes
21 to 80 job applications to get one job offer, on average.
- The average corporate job opening receives roughly
250 applications.
https://www.zippia.com/advice/how-many- ... get-a-job/
2 - (Anecdotal)
- 1613 applicants to 1 front-end software job:
https://www.reddit.com/media?url=https% ... bece88df99
- Graphic designer says when she scrolls through LinkedIn, the premier jobs/networking site for professionals, she sees "thousands" of applicants per job.
https://www.reddit.com/r/graphic_design ... s_one_job/
(Try this YOURSELF and see how many applicants per job show up on LinkedIn)
- FAKE job listings are everywhere, artificially inflating the "jobs" count - PROOF by the Wall St Journal
https://www.wsj.com/articles/that-plum- ... t-3aafc794
- Experienced software engineer says this "Feels like 2008"
https://www.reddit.com/r/jobs/comments/ ... ince_2008/
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Now does this sound like a "3.8%" unemployment rate?
This sounds closer to GREAT RECESSION numbers: 10%+ unemployment.
And BY THE WAY, even GR UE numbers were FUDGED BACK THEN by BUSH AND OBAMA! (They claimed ~9.5% unemployment when REAL unemployment was 15-20%)