MicroWave@lemmy.world to politics @lemmy.worldEnglish · 1 month agoGen Z Won’t Save Usslate.comexternal-linkmessage-square139fedilinkarrow-up1308arrow-down115
arrow-up1293arrow-down1external-linkGen Z Won’t Save Usslate.comMicroWave@lemmy.world to politics @lemmy.worldEnglish · 1 month agomessage-square139fedilink
minus-squareHemingways_ShotgunlinkfedilinkEnglisharrow-up1·1 month ago2008 wasn’t the fault of bad jobs. It was the fault of overly greedy banks offering sub-prime mortgages to people would otherwise never qualify for home ownership, and then crying for a bailout when those new homeowners (unsurprisingly) defaulted.
minus-squareprole@lemmy.blahaj.zonelinkfedilinkarrow-up1·edit-21 month agoI never said it was the fault of bad jobs. I’m saying the result was about a decade of no (good) jobs.
2008 wasn’t the fault of bad jobs. It was the fault of overly greedy banks offering sub-prime mortgages to people would otherwise never qualify for home ownership, and then crying for a bailout when those new homeowners (unsurprisingly) defaulted.
I never said it was the fault of bad jobs. I’m saying the result was about a decade of no (good) jobs.