Does anyone recall how Facebook's booming growth coincided with the growth of Zynga? A game genre which asked you to have a bunch of friends to get ahead, otherwise pay to win. (aka. a lot of people signed up for fake accounts)
The recent US employment numbers have a similar stink, as it's impossible for the vast majority of people to survive off a single job's income, especially when little to none of them are offering full-time or benefits. The talk of a recession hasn't started, but it's here, if not something far far worse.
> it's impossible for the vast majority of people to survive off a single job's income
The average employed American earned $928.74 a week in May of 2018 [1]. That's over $46,000 a year [2]. That's a livable wage. In the same month, labor force participation for Americans over 16 was 62.7% [3].
So a majority of Americans have jobs, and the average job pays over twice the poverty rate for a family of three to four [4]. The vast majority of Americans can survive off a single job's income.
The recent US employment numbers have a similar stink, as it's impossible for the vast majority of people to survive off a single job's income, especially when little to none of them are offering full-time or benefits. The talk of a recession hasn't started, but it's here, if not something far far worse.