Mythematics

Late stage capitalism is an economically suicidal system that doesn’t work for a majority of the people. But as everything grows worse, we’re told that things are better than ever. Of course, the figures used to irresponsibly lay claim to this nonexistent economic recovery are themselves entirely fictional. The number we hear reported as ‘The Unemployment Rate’ is a deliberately flawed number that hides the ongoing economic crisis by excluding those we would otherwise consider unemployed. Even a single hour of work per week is considered “temp” or “part time” and thus “employed” by technicality. And if you’re not looking for work, you’re just ‘out of the labor force’ altogether. But a significant percentage of this country’s potential labor force gave up years ago. They went back to school, began living off friends and relatives, or drifted into the illegal economy. When the unemployment rate goes down and we think things are getting better, they are in fact getting much, much worse.

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