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NotPhil  ·  4106 days ago  ·  link  ·    ·  parent  ·  post: How Technology Wrecks the Middle Class

    it was devoid of meaningful statistics but it's believable.

I'm skeptical of the stats anyhow. And I'm not sure I believe economists' assertions that the labor market shrinks and expands cyclically without any permanent loss of jobs.

Here in the States, Appalachia has been an economic disaster for at least a century, the inner cities for generations, and the Rust Belt for decades, yet the official unemployment percentage usually stays somewhere in the single digits. How could the unemployment rate possibly be measuring unemployment?