Lies, Damn Lies, and Labor Statistics
Description
**Labor Day Special!**
Are economic statistics just prosperity propaganda by those in power? The labor market numbers are, indeed, lying to you. Unemployment data has always been presented as rosier than real life. Nearly 1 in 4 workers can be considered functionally unemployed or in poverty-wage jobs.
This episode cuts through the “healthy labor market” headlines to expose the real story behind labor and inflation statistics. We break down how unemployment is calculated and explore how government stats ignore inequality, rising debt, and the growing wealth gap,
We talk about how capitalism (under both Republicans and Democrats) has intensified hardships for working people, with decades of stagnant wages, rising costs, and increasing debt. We also talk about AI and... the great philosopher Homer Simpson.
Tune in for a hard look at what the data isn’t telling you.