2nd Great Depression: One week away from getting to the highest unemployment rate ever in America

Suleiman Bey

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Yup go work at Walmart and be living in your car in the parking lot :mjlol:
the real problem is that extra $600 to the unemployed, Thats essential $15 an hr to do nothing. Add on whatever your original benefits are and it makes zero sense to look for a job, Normally nikkas would jump at at $18 hr job at AMAZOn or whoever but it ain't worth it when you can make more staying home.
 

earl n water

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breh i read somewhere the other day that Florida has processed just 4% of it's unemployment claims :gucci:

I live in Portland and filed a claim wayyyy back on March 20th and still ain't seen no loot. People are calling the phone number and getting nothing but a busy signal, and this is even with auto redialer apps :francis:

maybe, just maybe the system is functioning just the way they intended it to :hubie:

compare and contrast how fast people's UI claims are going through and being processed vs how quick people got those stimulus checks. There may be a bigger gambit at play here :patrice:

:snoop:...breh

Our unemployment system was built, on purpose, to handle a few thousand claims a day. FL is the 3rd most populous state in the union at 21M. That 4% is probably accurate. My mom works for the state gov, and she said the problems have always been there. The GOP leadership (that these old cacs keep electing) knew about the claims process taking forever, but never upgraded the systems. Now it's being exposed.

Then we got Desantis (GOV) trying to open the state back up for tourism...:mindblown:
 

MJ Truth

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There is a difference though between The Great Depression and now: people don’t want to work.


At least here in San Diego, every store I go to is hiring. Target, Wal Mart, Supermarket, gas stations, there is opportunity to work.


Also, of those jobless, some are creating income without a specific company (Lyft/Uber, doordash, shypt, grub hub) etc.


I’m not saying it’s not bad, because I understand a middle manager not wanting to go be a stock boy, but it’s different :yeshrug:
You did hear about this virus passing through the air, right? Its not like people are passing up work out of sheer laziness.
 

Suleiman Bey

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*Looks around*

Yes, yes they will. Don't get people not wanting to resume commuting to the office with people will be scared to do non work related things.
No, they won't. As with anything there will always be people doing what they do, but enough to jumpstart the economy. fucck no. Plus you have to remember a lot of places hired alot of new people to meet new demands, when the demand stops those people will be unemployed too. Then the ones they keep will see significant reduction in hrs which will basically make them "unemployed".
 

Uitomy

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I've been railing against this system for some time but even I'm :picard: at how quickly it collapsed. It was only a few months ago that people were celebrating this economic system around here, but of course now that the same system is ready to throw their ass in the fire well THAT IS TOO FAR.

I guess they haven't been paying attention. The reason why the virus has us on the ropes is because......capitalism. But fret not Coli Capitalists Coalition, the system WILL ALWAYS survive, you just might have to die first.
I feel like consumerism is the real culprit,
 

Dzali OG

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This was a bubble waiting to burst. Decades of incompetent leadership. Gutted programs due to said leadership. Wages lagging woefully behind inflation. Zero financial literacy amongst most of the population. System being held together by low wage workers. COVID-19 was the perfect storm. Just look at the epic collapse of the greatest economy the world has ever known. Took just a few weeks to topple this goliath.
To be honest, the whole system is rotten and needs to be uprooted and rebuilt :yeshrug:I don't know how we do that, tho

Their going try and "tape" it back together and keep going. Hence telling us to get our ass back to work.

Enduring some pain, this is a once in a 1,000 year opportunity for common people. We have the chance to say, "We're not working shyt unless the govt gives us what we want." We can tell them we'll all be living like TWD unless we're given UBI, UHC, etc.

We have to be willing to sacrifice ourselves for future generations tho.
 

Rarely-Wrong Liggins

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No, they won't. As with anything there will always be people doing what they do, but enough to jumpstart the economy. fucck no. Plus you have to remember a lot of places hired alot of new people to meet new demands, when the demand stops those people will be unemployed too. Then the ones they keep will see significant reduction in hrs which will basically make them "unemployed".

You underestimate the average consumer. You'll see as things come back online.
 

ZoeGod

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Even when we recover from this it will worsen the wealth gap. The 2008 recession made the income gap wide as hell. If nothing is done to help to middle class the next economic downturn after this one will be the death knell for the American middle class.

Also this country isn’t built to handle a depression. American society is held together by good economic times. Anything worse than a recession will likely mean social unrest in a country with 500 million+guns. Unemployment north of 20%=social unrest. I don’t want to see a depression because shyt would be ugly. Plus a modern depression would be devastating for black society. I hope we don’t have a depression and recover quickly. If not well I don’t know.

The only positive I see from this is that millennials and generation z will be living more frugal lives. Before this a lot millennials were living very frugal lifestyles. With this downturn we will likely see the end of American hyper consumption. We will see both millennials and generation z start tightening their belt simply because the economic realities is gonna force it.
 
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Samori Toure

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maxresdefault.jpg
 

Samori Toure

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They didn’t have to live with a pandemic breh during their Great Depression that’s the point breh

Actually they had a lot of stuff back then too. Stuff like polio, measles, mumps, chicken pox, etc., did not have vaccines at that time. Then there was also pneumonia which was a terror back then.

Disease in the 1930s
 
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