@[email protected] to politics @lemmy.worldEnglish • 11 days agoGen Z Won’t Save Usslate.commessage-square139fedilinkarrow-up1307
arrow-up1307external-linkGen Z Won’t Save Usslate.com@[email protected] to politics @lemmy.worldEnglish • 11 days agomessage-square139fedilink
minus-squareAdderbox76linkfedilinkEnglish1•10 days 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-square@[email protected]linkfedilink1•edit-29 days 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.