Wolff Responds: Latest Unemployment Figures 

mmayka1 how can it not crash? Resources cut, non strategic tarriffs, global economy, automation on the uprise and eyeing a war with Iran.

Bad advice. People try to live where they don't belong or can't afford. If your Mom and Dad Failed to Prepare for you for Real life then you are screwed. The Government is not our God, Mom, Dad. Daily wasting of the money you make will keep you a Modern Day Slave. A Renter is supposed to be an 18-25-year-old, anybody else made bad daily choices and failed in life. A home has a mortgage that gets paid off, A Rental never gets paid Off.Get Educated.

Wayne Dome wtf do you mean where they don’t belong? Some people are born into poverty and that is not the child fault if the schools are poor and dgaf because they are not the right skin color. No one chooses to whom and to where they are born you overly entitled asshole. No one thinks the government is their god except trump cult thinks lying ass trump is going to make Murica white again it’s a con. Get you head out of lying trumps ass. He is destroying. This country. Nationalist prick

Wayne, what are those places people don't belong? If starbucks open a coffee in Toronto or New York, there should be some place within commute distance that you can reasonnably rent with the salary offered there. Otherewise that's wage slavery.

@@GubekochiGoury I say this with intelligence Not hatred. People don't belong in places they can't afford to live in. Just because a Starbucks opens in a high rent area doesn't mean you should take the job at a wage that will not let you get ahead in life. Move to where you can afford and work to own part of this great thing called America. Living in a high rent area without the correct income is a bad choice in life.

Ace HAMMER 👏🏻👏🏻👏🏻👏🏻

that one bit about the kids - thank you. thank you for pointing that out. nobody ever points it out, they just call kids and those adults "lazy" because they couldn't afford doctorates in some obscure medical field.

I couldn't agree more. We can expect another mega crash. I'm expecting things to be so horrific that death will be the only coping mechanism.

I think that it is more complex than what you wrote. Most of our youth have not been taught any type of work ethic. My mother is 76 and works a job in a lawyers office that used to hire young people to do the job and they refuse to hire young people because of reasons like phone addiction and they call in sick often. My friend has owned an ice-cream stand for 35 years and hires young people and he claims that in the 80's 8 out 10 of the young people he hired were strong workers now you are lucky if 3 out of 10 are strong workers. Our welfare system pays people twice as much money in resources to do nothing as we pay people that illegally enter this country to work their ass off. So why would these people work? One of my other friends works for a bank that is hiring people from India to do their work because they can pay them less because education is free in India. Yet that same bank gives out student loans and collects huge profits on them at the expense of our children and is allowed to hire people from abroad so they can maximize their profits.

Ann Hiller Thank you for sharing your words and thoughts. I sadly agree with you.

Ann Hiller, that is indeed a problem as well. I remember when George W. Bush was glorifying Americans having 2 + jobs. He thought that was "True American" of them! I cannot stand that empty-headed jerk!

Meanwhile the rich kids are complaining about student loans and the government are concerned because they need their money.

Hysterical ! Every example of Socialism has failed and was responsible for the suffering and Death's of over 100+ million people in the 20th century and in Venezuela now and your argument is that Capitalism, that has freed the world from the Socialist tyranny btw, Isn't Perfect ? You scumbags are Hilarious

What's really fun is these people are counted as employed. Just imagine what the jobless rate - not "unemployment" rate - will be when the gig economy crashes. Most of that shit is based on driving people around and/or delivering shitty, overpriced food. How many of these companies are really out there? When they crash tens of millions will be looking for work. Since these "jobs" currently are there to keep them busy while they slowly go under they won't have any savings.

@@danmorgan3685 how likely will it be that the economy fails though.. or is it unavoidable? And how soon

@@markmitchezee2728 How is capitalism perfect?

Just look at the u4 unemployment rate. It includes discouraged workers. It's down too.

Conservatives don t listen to readon or rational beliefs. Its about their trickle down theories of piss and. It drops down to the bottom. And trumps pisd smells like wjoremo gering bastard stank.

@@ZacharyBittner and what about stagnant or falling wages?

@@skyblazeeterno that's true, real wages have been s stagnant since the 60s.

he even speaks really slow for all you airheads ^_-

Lara, Capitalism and America's corruption spread worldwide and the Recessions gave them MORE power. We see EVERY worker in EVERY Developed country suffering and making less. The GOAL is to put every country at one level meaning the level of the poorest countries. Sounds strange but the ONE PERCENT seems to be shooting themselves in the butt because soon no one will be able to buy their products and services. Capitalism is NOT the working people's friend.

​@Joseph Geiger The free market has been working. But after several hundred years it has not solved the problems it has had since it's beginning: inequality in any form, especially poverty. More have less and less have more. If we wait for it to fix itself, less will continue gather more, and more will have increasingly less. You see, the goal of people is happiness, not profit. There are ways of reaching happiness that don't involve profit. Profit is actually something that takes away happiness, in the US this is primarily caused by debt. Debt makes people unhappy. So people search for other ways to make themselves happy. Or at least some way to forget they are unhappy.

Joseph Geiger, there is NO such thing as a FREE Market. The RICH gamble with OUR money and we pay if they win and if they lose. I am sorry that the WORLD'S economy has not shown to you this truth.

Don’t be delusional. Get a passport and see for yourself. The rest of the world is going forward, America is falling behind. Big time!

Yes well and truly thriving in Britain

Proletariat unite!

There is no left and right anymore. It's more like center-right, right and far right with a few progressives mixed in.

@@billhayes2207 Honestly, I'd have to say that it's more rich vs poor. Left and Right are mostly a distraction that seemed tailored by mainstream media to keep the poor and middle classes fighting between each other while the rich get richer.

You are to be commended for your insight. It's true that a lot of people such as you and your associates are probably doing better because you have a high income. But that doesn't apply to everyone. You are wise to be worried about it even though you are not as directly affected because there are potential adverse consequences to the entire society when wealth and income inequality becomes too large. Study the history of the Weimar Republic in Germany between 1918 and 1933. You will see similarities. And we all know what it led to.

@Tom Joad Are you sure you're not referring to HR people? I work in IT, the computer field. I don't interview anybody, I just do software development.

@Tom Joad Dude, I'm 46 years old. Never went to college. What I'm seeing in the IT job market is that companies just need warm bodies to do the work. If you have the skills, they'll hire you. I've even been "hired up" for contract jobs where I didn't really have the skills, but had relevant experience, and was able to learn on the job just using my own resourcefulness (Google searches, Udemy, etc).

@Tom Joad I can't reveal that.

@@joevignolor4u949 Thank you for your comment, Joe. You're very astute to draw the parallel between the Wiemar Republic and what the U.S. economy is on a trajectory to potentially become. I'm amazed when I see what the median wage is compared to what the actual cost of living really is. To me, the numbers don't add up. I don't know how people survive day to day, but somehow or other, they do. I don't know if they're living on credit cards or what, but it just seems that Americans are working more just to keep up. Then I hear the statistics on wealth inequality, and our current policies just seem unsustainable to me. I'm not in favor of soaking the rich, but they're shouldn't be profitable corporations that pay nothing in taxes because of some sweetheart deal they brokered with the politicians whose campaigns they funded. I think that people are starting to wake up to the fact that things need to change. This is why Trump got elected, and why Bernie Sanders emerged out of nowhere, and Brexit happened. Hopefully, we'll fix this problem without sacrificing our capitalistic system.

'Victims..." there's a strong and proactive word. Speak for yourself!

Sentient being I agree with you

@@timdunk7278 let me rephrase in your language. We're being attacked by people with more power than us and we should defend ourselves. Defending ourselves individually is less effective than defending ourselves as a group due to the concept in nature called mutual aid. The way we defend ourselves from economic manipulation is by replacing power structures with better more efficient ones. We can determine what power structure is most efficient by whether or not decisions that provide utility to the most people while not reducing utility for others are enacted most frequently. Democratic institutions are a good place to derive power from because it forces people in power to respect the needs of people to a higher degree than others. Thanks for coming to my Ted talk.

@Frederic Bastiat , democracy is tyranny? Are you out of your mind? :-) that's statements right up there with ignorance is strength, war is peace, slavery is freedom and masturbation will make you go blind. LOL I wonder what makes people such as yourself so susceptible to public relations propaganda?

@Pavor bugger me now!

Very wonderful videos thanks

Complete BS. There are 5 million more working full time now than two years ago - the largest number ever by far. Next time when you make claims like this present visual information to back it up www.statista.com/statistics/192356/number-of-full-time-employees-in-the-usa-since-1990/

Bruce Snyder Lol. That’s because your “financial advisor” is a partisan hack.

Ya think? ;o) But do you really want a non-conservative as your financial advisor?@@Greendragon420able

Bruce Snyder Yes I do. I want People tethered to reality managing my money.

Bruce Snyder Or better yet, I’ll just manage my own money while being tethered to reality.

Bruce Snyder considering the Conservative party in this decade are anything but conservative and more like cons, I wouldn’t want them anywhere near my finances

Just look at the u6 unemployment rate, it includes discouraged workers. It's generally the same and includes discouraged workers. This is kinda a dumb thing everyone says for political reasons. Back when Obama was in office they accused his unemployment numbers of being inflated and not the "real unemployment numbers". The reason why no one really changes it is because they all follow each other but they should switch just to put this conspricy to rest.

good luck man, usually they put on fox news and blare it.

@Bryzz Lull I understand economics probably better then you do.

@Bryzz Lull *Oppresses somebody* Them: "Hey, you oppressed somebody!" You, just now: "Your talking points are getting fucking old."

They are part of Cult 45. Trumpists are members of a cult. Many of his supporters are hateful bigots, who prefer totalitarian Government, but will not acknowledge their pathology. If he is reelected , a very Distinct possibility as he uses the Fed Reserve Bank , this Nation, as we knew it , will cease to exist. The only way back if the unthinkable happens in Nov 2020 is revolt to regain Democracy. Aristotle said revolt at times is the only option.

When people don't have discretionary money to spend, businesses are moving into necessity business. I see this trend for last 10 years. It's hard to sell people new shoes or vacation when they about to go bankrupt for paying for their dental work or college classes. With necessity business you can charge unlimited amount - people will be taking loans because they have no other choice . My recent dental cleaning was around $1000 AFTER insurance. I live in red state though, trends here are even more obvious.

Complete BS. There are 5 million more working full time now than two years ago - the largest number ever by far. Next time when you make claims like this present visual information to back it up www.statista.com/statistics/192356/number-of-full-time-employees-in-the-usa-since-1990/

That is true, but as your own chart points out, the trajectory of the US economy that put us on track to hire those 5 million people was set all the way back in 2010-11, and if you look further back in the chart, the rate of increase in jobs tends to be about the same going further back in time, as long as we're not in a recession.

@@MrKyledane this is like saying that if you can jump over a 5 foot fence you can jump over an 8 foot fence. You guys never stop being funny :-)))))))) On top of this you, as you guys always do when you lose in a debate, changed the subject, which is to indicate that Wolff is incorrect :-)

@@MrKyledane - I believe Government employment statistics as much as I believe their account of 9/11.

You may be right, but can you supply evidence for this? How is this calculated?

@@KingoftheJuice18 I don't know but usdebtcock.org says the actual unemplyed figure is around 11 million

Second this. I saw that guy basically trying to goad Dr. Wolff into admitting that socialism is theft. should him he needs to let guests actually speak. we don't have to be polite to these pricks.

Fox news is bought and paid for through the Rich and pro-war people! Anyone associated working for contract with (companies selling war gear) the military that has funding and more funding (except the vet's and wounded)> Since Vietnam the Vet's of this country don't get treated right. The WAR making money machine. Like Dr Wolf Say's the wages in this country have been going down for over forty years. Signed: an old timer, history looker

You speak crazy

Haha. You idiot

Not the biggest reason but ok.

Yeah unfortunately I'm finding that to be soooo true. 54 last month. Haven't worked in 7mos. 😧😧 Needless to say I'm 😡😡

Linda Susan ...So sad and so true! High under and unemployment of people 55+ is a fact! It's been covered up for decades! 14 years ago, I met 3 women & a man working at Home Depot in San Rafael CA. They were using CAD programs to design kitchen & bath upgrades during the housing boom. Every one of them was over 40 & under 60! Among them were well educated, "down sized" professionals, recent divorcees, men and women who needed the health insurance! Sadly, just 4 years later, the housing bubble collapsed and Home Depot quickly abandoned it's "boutique," kitchen & bath design service. Where did those people go? Older adults especially women, seniors are also living Social Security paycheck to paycheck. A $500 dollar expense can push some into homelessness. We've become a nation of wage slaves. Mr Trump promised to bring jobs back to America. But to date, neither he nor his daughter have made any effort to bring even THEIR clothing manufacturing back from China, Vietnam or wherever their sweat shops are that make their clothing, hand bags, costume jewelry and extra long red ties! Rust belt factories & mills are still empty & rusting. I don't see any new ones being built. Even those that might be in the planing stage will be using robotics, not the hundreds of semi skilled assembly line workers of yesterday. There will be no return to union wages and job security for miners, steel, or assembly line workers. We could put thousands in good paying jobs & careers rebuilding our crumbling infrastructure or transitioning from fossil fuels to sustainable solar, wind, geothermal electric energy like Europe, China & Russia are doing. That too was promised by Mr Trump. To date, we have no such plans. Day in and day out he tweets vitriol about his pantheon of enemies and fake news, while yet another of the children he caged died. Meanwhile the war hawks & bankers are eager to distract us from problems at home with yet another war in the Middle East and trillions more national war debt.

@@jumpoutfroggy1101 Thank you.

Happinness index anyone?

Some things never change. Pity.

@@adrianjohnson1486 True unfortunately.

NYT and all other major establishment media outlets are propaganda mechanisms.

@@towardsthelight220 that goes without saying... it's just difficult to decode their false economic picture with layman's economic knowledge.

@@babyfoodserpent assume everything they print is a lie.

Trumps usses his oen figures to calculate unemployment.

@@michaelpondo6324 No he uses the Department of Labor for those figures, and what this guy doesnt mention is that more Americans are working today then ever before in our history. There are plenty of good jobs to be had if you have a decent education. Liberal arts and bad teachers are killing the youth of America.

lol my job for the last three years has been under the table farm labor, i feel your pain!

You're stupid

Why wouldn't they be?

@@jeffsingleton88 that didn't used to be part of the equation. War n military was considered a different batch of statistics. I forget when it changed because there's always been some kinda warcrap going on.

bully380 So right, I am just triggered af. Momma could have afforded the vagisil if wages had rose in concordance with core inflation over the last four decades. Or if she had had universal healthcare.

You mean Obama's policies which were pretty much extensions of Bush's policies all implemented by a cabinet literally chosen by Citigroup.

Joseph F Nieto I need new ones so bad!! 650 for 4 tires plus warranty!!! When the roads here are bad it sucks!!

@@hijuhnelle5242 so sorry, i hope things get better. I live in California, Orange County there is a guy here that specialises in used tires. Many times Ive bought 2 used, but they were almost new tires for 100$ total installed !! I dont where u live but do an internet search for used tires. Hope this helps. Positive thoughts going your way.

Until they finally get lynched in the street somewhere.

@@ryancox5097 hope I get a front row seat

@@alternitivefacts379 I hope I get to pull the lever.

Never, that's how he makes a living

aaron gwayn as long as they fund it from the tariffs the government collects from the importers of foreign goods I’m fine with it.

@@Newlinjim The government has all sorts of ways to tax businesses, and they do it in the aim of making more money. The downside is it costs us all lots of money, and damages the economy. We should have a UBI to help the circulation of money, so that the economy will have fewer extreme negative swings. We should move away form the gambling nature that our system has evolved to. Evolution is not always good for societal stability and advancement. It needs to move forward in the right ways.

aaron gwayn the government just lowered corporate taxes to 21% so are you suggesting the treasury just issue bonds to finance UBI?

@@Newlinjim NO! Ideally the money would come from the elimination of the welfare programs that have been proven ineffective. Sure, we may also take from a VAT tax to finance a UBI, but that would only effect non-essentials and luxury items that were distributed using cost-saving technology. These technological advancements are great! -- but they put people out of work, drive down wages, and create an environment of corruption and crime, which increases suicide, drug use, medical costs, prison and criminal justice cost, insurance prices and more. Sometimes it pays to invest money to prevent instability. Humans are our greatest cost and greatest potential as an investment.