What an absolutely insane headline.
this post was submitted on 05 Sep 2025
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The current US economy is completely dependent on two things. One: low unemployment and steady growth in available jobs. Two: AI getting a return on investment by replacing millions of jobs with computers.
And somehow we are still going about our business like this is totally normal and won't blow up any second now.
Was there really any need at all for a slower job market?
Usually the reason for wanting that is an overheating job market/economy, but I don't recall seeing anything indicating either.
A sign for the job market would be quickly increasing wages, due to shortage of workers. But the only shortage of workers I've seen is due to Trump policies, and in very specialized areas like top AI developers/researchers, but those are not general expressions of either economy or job market.
For the economy a typical sign is inflation due to shortages, but the inflation is driven by stupid policies like tariffs, and not so much free market economics. The increasing prices are driven by adding more taxes on goods. Not because there is any shortage anywhere!
And if anyone ever thought this was an overheating market, they are probably blind to the fact that wages haven't covered for the inflation, and although the inflation is a bit higher than the popular target of 2%, it's far from overheating economy territory, especially when considering the background for the inflation.
The truth is that the American economy is just stupid because the President is illegally overreaching his mandate with extremely stupid policies, causing stupid results for the economy.
Americans will probably get their low interest rates soon, but don't cheer that just yet, because the reason will probably be that the economy has gone into recession, and with a declining value of the USD, all Americans are getting poorer.
The truth is that the American economy is just stupid
Could have just said this. It was nonsensical from any perspective except "line must go up so the rich can get richer" for DECADES before the Mango Mussolini came along and made it too obvious to deny.
I suspect most people sense it's "stupid" without really being interested in the subject, but I also think some lighter real economics context is important to understand how and why.
OK. Name an economic system that does not depend on constant growth. I'll wait patiently.
https://en.wikipedia.org/wiki/Steady-state_economy
https://en.wikipedia.org/wiki/New_neoclassical_synthesis
The use of efficient output recognizes that potential output does not grow continuously, but can move upward or downward in response to shocks
https://en.wikipedia.org/wiki/Ecological_economics
Degrowth addresses both biophysical limits and global inequality while rejecting neoliberal economics. Degrowth prioritizes grassroots initiatives in progressive socio-ecological goals, adhering to ecological limits by shrinking the human ecological footprint (See Differences from Mainstream Economics Below). It involves an equitable downscale in both production and consumption of resources in order to adhere to biophysical limits.
Only if we don't move the majority of our assets overseas
The answer seems pretty fucking clear, no?
Uncertainty doesn't normally help the economy
Tariffs are making it worse
The market went down because of selling at the top. Headlines always have a reason after the fact, never a prediction before.