Hi. The American job market, especially for young people, has changed drastically since the 1980s. Does that mean it’s all Reagan’s fault, or just mostly Reagan’s fault?

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  • Fizz@lemmy.nz
    2·
    8 days ago

    When i see headlines like this I think its always good to take a look at the stats and historical trends so you have an idea of what’s reasonable and what isnt.

    Youth unemployment is currently 10% and over the past 30 years thats the low end. Its generally bounced between 8 and 18. I couldn’t find data pre 90s but 10% doesnt seem that high to me given the trends. Nz has 13%, Germany 6.7, china 19%.

    Us has a lot to worry about but blackpilling young people like this is just mean. I dont think AI is having any impact. Its more than likely trumps shit economic policy affecting jobs.