It’s pretty easy to pump up the official GDP Growth number by understating Inflation since the former is mathematically reduced by the latter.
You might have noticed frequent news (and people complaining) about the prices of things having gone up A LOT in the US and yet official Inflation figures are quite subdued.
Then on top of that, it’s an Election Year and the political pressure to massage then numbers to make them look good is likely higher than normal (plus they can always be corrected later, after the election).
The US might not practice China-level Economic-figures Massaging, but they’ve definitely been a lot more Fantastic and Fabulous (in that they have a lot more Fantasy and Fable to them) since the mad scramble to look good (or at least not as bad) after the 2008 Crash.
Just saw a post showing a Walmart order from 2020 was like $80 and now is over $400. It’s easy to make the economy look good when the price for everything has gone up
More of this GDP growth is captured by the 1% every year. We need progressive policies to reduce inequality before the wealth gap bubble collapses.
Just let me know when the economy is hiring Sr. devs and team leads. I’m happy for the economy, and I’m happy for everyone benefitting from it. But shit is looking dark for some.
Give it a few years, the system created too many and now we’re seeing a correction to the proper number of positions. As the unemployed retrain to needed skill sets the job market will return to a healthy level.
I mean… I’ll check with my banks to see if they’re cool with waiting, but I’m thinking no. Four months and I’ve gotten… 2 or 3 second interviews.
It’s going to be hard for individuals. Look at the skilled trades, the world needs more electricians and plumbers and they make very good money. HVAC techs are in high demand basically everywhere.
I remember when I was young and autoworkers and coal miners were losing jobs. And yeah, I thought they could just retrain. It was fucking naive, and if they’d heard me they would’ve been rightfully offended.
I’m done here. I feel like saying anything more would just be self-pity. I’m damn good at what I do, just maybe not so great at interviews. Too fucking honest. Sooner or later I’ll find the right person to interview with. Thanks for the chat.
Have you looked into the European job market? From what little I know, I have the impression here that kind of profile can pick among any number of jobs.
I have not. I’m working on a side project with a partner in Portugal and he said they don’t pay nearly what I’m used to, so I’ve never looked further. I guess I’ll take a look and see this weekend.
Do as the other poster said. The Benelux is also a place where you could probably work with just English. Bonus points if you manage to get a job where you’re allowed to work from, say Portugal (for the weather and the low living costs) Good luck on the job hunt!
Thank you. I have to stay where I am physically and work remote. Got a wife and kids with their own house and families. Not really an option to leave that all behind.
However I’ve been known to take extended vacations and work from an AirBNB.
Portugal is kinda the Eastern Europe of Western Europe to the point it’s a meme.
Try the Benelux, or Switzerland for jobs that pay around what you’re used to.
I’d like for someone to let me know when bench techs are needed, cuz I’m dyin’ out here.
TL;DR: The US economy showed strong growth with a 2.8% annualized GDP rate in Q2, doubling from earlier this year and exceeding expectations. Consumer spending, which drives 70% of the economy, rose sharply. Inflation also slowed, providing hope for a potential “soft landing” where inflation is controlled without a recession. Business investment increased significantly, particularly in equipment, though spending on structures declined due to high interest rates. Overall, the economic outlook is positive with signs of robust growth and cooling inflation.
Consumer spending, which drives 70% of the economy, rose sharply.
That’s not the win it seems if the amount of items bought didn’t increase. It’s just things costing more.
Poor dude in the photo with the butt sweat.
What’s a little shart on CNN? No one reads that, I’m sure.
The US economy just got its latest health check, and it looks promising.
Well, how nice for the economy.
wait is this unironic?
