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L3G4L_4SS4SSIN t1_j9tr524 wrote

Reply to comment by GlitteringEar5190 in $SQ (Block Inc) Revenue Growth -0.73%, Total Operating Expenses +55%, Stock-based Compensation +64%, Negative Adjusted OI Outlook šŸ¤·ā€ā™‚ļø by FI_investor

How does that work with extremely low unemployment though? Iā€™m struggling to link the two

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laetus t1_j9tvu1v wrote

What did the 2000s crash have to do with unemployment?

Unemployment was low then.

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Andre-ch t1_j9ul32e wrote

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i still do not understand why many people focus a lot on the unemployment rate?

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laetus t1_j9ultiy wrote

Because why does it matter?

"Stocks are valued at a billion PE"

-"BUT WHAT ABOUT THE UNEMPLOYMENT"

??

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FLYWHEEL_PRIME t1_j9ub4sd wrote

Unemployment doesn't mean Jack shit when you can't fill skilled labor jobs because the average IQ goes down year over year.

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Tasty-Ad-7 t1_j9uqske wrote

another way of saying that employers are unwilling to pay to train in their niche. That the onus is on the prospective employee to already have the skills is the biggest con in America.

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