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valiant55 | 3 months ago

It's upsetting that it's commonly pushed that something as complex as "the economy" could ever be summerized or understood through a single, uncontextualized number. E.g. GDP, jobs reports, SP500 or unemployment rate.

Even just breaking down unemployment rate by race starts illuminated a better understanding of our current conditions. Labor participation sees at least some discussion in the main stream but trying to distill everything into a 5 second headline is hurdling us to doom.

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