Reply #10: you remember wrong [View All]

[northernlights]

Unemployment was more like 25% in the great depression. However, back then they actually counted people who were out of work as unemployed, unlike now, when they only count people filing unemployment claims. Those of us who fell off the rolls no longer exist by today's standards. So the 5+% unemployment they admit to today is probably closer to 10 or 11%. And then there are the underemployed, like everybody I know who was dumped after Compaq and then HP cannibalized Digital. And the overemployed like the total bimbo that HP hired after cannibalizing, due to his close connection to a VP at Fidelity, helping along the identity theft ring they run.

You are right, though, that in the great depression a far greater proportion of people lived on farms, there was far less congestion, and people could grow some of their own food.

I definitely would not want to be living in any major city or suburb during a depression today.