You look around at the homeless issue, the bankruptcies, the distressed CRE properties and you wonder, "HTF do they come up with stats like these?"?
It's EZ! You simply stop counting all the people who fall off the cliff! They no longer show up as Unemployed, they're not in the workforce! Obviously, they became independently wealthy overnght and no longer need to work!
You don't count homeless people because homes are selling at record high prices! Sales figures are up because everything costs more to buy and Consumption is the bedrock of the economy.
Min wage for Fast Food workers in CA is up to $20/hr, except fast food chains are closing up shop so the burger flippers don't have jobs.
Yup, it's a miracle economy in the Land of Good & Plenty. Our worries are over.
https://www.theatlantic.com/ideas/archive/2024/06/us-economy-excellent/678630/
The U.S. Economy Reaches Superstar Status
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