Episode #70: Why is the Economy Terrible but Unemployment so Low?

Eric starts off the episode by paying tribute to his late Grandfather, a member of the Greatest Generation who recently passed away. For the main topic, Jacob takes a closer look at the apparent discrepancy in America's current economic situation, with unemployment low despite inflation continuing to rise, and discusses how both parties are complicit in this spiraling economy that will only hurt the American worker.

TIMESTAMPS

00:00 Intro
03:40 Eulogy for Eric's Grandfather
13:21 Main Topic: Why is unemployment so low if the economy is so bad?
30:20 Two-pronged approach to deal with this situation politically
35:08 GOP's botched mentality on work and economics

SHOWNOTES

“Everything is Weird” by Derek Thompson: https://www.msn.com/en-us/money/markets/the-everything-is-weird-economy/ar-AAZHcRf    

Pro-GOP pubs still claiming Americans are struggling because them young, whipper-snappers are just too dad-blamed lazy to go to work: https://thefederalist.com/2022/07/08/the-decline-of-the-american-work-ethic-will-exacerbate-the-oncoming-recession/  

GOP’s outdated view of the American Dream: https://nypost.com/2022/07/04/than-the-american-dream-and-anyone-can-attain-it/

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Intro/Outro Music by Karl Casey, White Bat Audio: https://www.youtube.com/c/WhiteBatAudio/featured