In this video, I talk with Tim Picciott, The Liberty Advisor about the massive growing unemployment problem in the United States and elsewhere. Despite the signalling of both sides of the political spectrum, the jobs numbers are not good.
The real numbers are hidden in the labor force participation rate as they have for many many years. Both sides like to tout how many jobs they "created," but don't mention that we now see 25% of income coming from the government via stimulus programs. That's an absolutely shocking number and most of those people after a period of time are not considered unemployed which by itself completely manipulates the labor numbers.
Tim breaks down what this means and why we're seeing a massive labor income loss.
Stay tuned for more from WAM!
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We are living a very difficult situation worldwide, not only in USA. Currently Latin America more affected region no by number of infected but by the number of unemployed, that everyday is increasing, without any significant goverment help.
Yes, there are so many unemployed in our time because of the pandemic. This includes my spouse. I am the only one who now has a job with us and the one who makes a living for my family.
Everyone is now experiencing hardship in life. We just have to be strategic in life. Do not choose food. Plant vegetables and fruits especially those that are easy to grow such as Tomatoes, sweet potatoes, and water Spinach.
If people think positively, they will see the good that this pandemic has done. God had a reason for allowing it.