JackMDurden on Nostr: Two BLS reports this week tell the same story. Productivity up, labor share at a ...

Two BLS reports this week tell the same story. Productivity up, labor share at a 79-year low, real wages falling. Then today: 172K jobs added, almost all in the lowest-paid sectors. Long-term unemployed up 524K over the year. The economy produces more with less and the gains go to capital. The 4.3% headline is a mask. Build accordingly. #bitcoin #grownostr
https://open.substack.com/pub/moralfiber/p/part-2-the-employment-situation-may