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Posted by David Sherman [24.32.202.83] on Monday, February 08, 2010 at 15:38:20 :
In Reply to: Re: But the government says... posted by Keith in Washington [24.41.41.111] on Monday, February 08, 2010 at 15:04:29 :
The unemployment rate at the worst of the Great Depression was 25%, and back then they counted it honestly, so maybe we're already at a depression level of unemployment. Of course we don't have soup lines nowadays because we have "Quest cards" (they don't even have food stamps any more), and there are lots more ways to be on the dole now than there were in 1933. Young people can be in college pretty much forever, on student loans that they really never need to repay. 30-year-olds can keep living with their parent. Heck, I have a 55 year old neighbor who's still living with his mother. Add in all the people who are "disabled" with a bad back or some psych issue, but they can still go quadding and boarding just fine, and it's definitely a lot easier to get by without working nowadays than it was in the 1930s.
Still, I wonder if we've "solved" the problem or we're just more clever at denying it.
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