The Labor Department said in its monthly payroll report released Friday that payrolls in November rose by just 210,000, well below the 550,000 jobs forecast by Refinitiv economists. The unemployment rate (which is calculated based on a separate survey) dropped more than expected to 4.2% from 4.6% — the lowest level since the pandemic began.The figure marks a significant drop from October’s upwardly revised number of 546,000 and September’s upwardly revised 379,000. There are still about 3.9 million fewer jobs than there were last February, before the crisis began.
I woke up to alerts that the market was tanking again today... and here is why. More bad news on the economy. To the point now where I question whether we are at an investment opportunity or if we are headed for a real crash. There is a part of me that wonders if it's time to literally start a sell off to buy back at where it looks like we might be heading. For now, I think I am on a hold other than 401K long term fund investments that just come out of my paycheck. Sad, but true. I suddenly don't believe we have a solid floor right now. This thing feels like it could go sour in a hurry.
56 comments:
I'm with you. What started out looking like a buying opportunity is starting to look like a much more severe and durable decline in the economy.
Between the idiotic comments of Ratner you posted on the previous thread and the continuing shitty jobs/wage numbers, We are probably in for a world of fucking hurt. Those of us who are invested and understand economics, that is.
Now, let's get ready for an alky-lanche of economic news plagiarisms in 5, 4, 3, 2...
Roger's rectum aka dopey will be good for a few spam posts ad well.
Match These numbers Roger.
US Labor Force Participation
Trump = 63.4 %
Biden = 61.8 %
No excusses.
"Skip the Black Friday sales and buy exclusively from Black-owned businesses. ... White-supremacist-capitalism uses policing to protect profits and steal Black life."
—Black Lives Matter Global Network Foundation
And use the promo code 'BLM' and get a 100% smash and grab discount. Loot one get one free!
The only stock in my portfolio that is up today is JNJ (Johnson and Johnson). Apple, MSFT, Visa, Baba, NVDA and blue chippers are all down and the AMC BB SNDL PROG meme crap is down. Ugh!
Speaking of Ugh!
Trump Lawyers Ordered to Pay $175K
December 3, 2021 at 11:57 am EST By Taegan Goddard 14 Comments
“A group of lawyers aligned with former President Donald Trump — including Sidney Powell and Lin Wood — were ordered Thursday by a federal judge to collectively pay more than $175,000 in sanctions-related fees stemming from a bogus election fraud lawsuit they filed last year,”
CNN reports.
________
Oh, our poor, poor persecuted Ex-President!
They keep lying about his principled attempt simply to set the record straight, poor guy!
He would never claim to have won an election he didn't win, would he?
He would never have enlisted others in supporting any kind of "bogus" election fraud lawsuit, would he?
WOULD he?
The WSJ reports it's a mixed issue..
DJIApoints with a0.26%▼
U.S. 10 Yrwith a1.380%▲
Europoints with a0.09%▲
Hiring Slowed Last Month but More Sought Work
The U.S. economy added 210,000 jobs in November, marking a slowdown in hiring amid new Covid-19 uncertainties, but a tight labor market showed an early sign of loosening as almost 600,000 people joined the workforce.
More people are applying for jobs, because wages and benefits are being offered by employers in low income jobs like restaurants and other services..
The 4.6 unemployment rate is better than before...
Roger...
The DJIA is down 160 points and NASDAQ is down 375 points and ths SPX is down 60 points.
Not talking about bonds or whatever the hell Europoints are.
The U.S. economy added 210,000 jobs in November, marking a slowdown in hiring amid new Covid-19 uncertainties, but a tight labor market showed an early sign of loosening as almost 600,000 people joined the workforce. The increase in people seeking jobs, caused a lower increase in job percentage.
The slower pace of hiring last month—the smallest monthly gain since last December— followed an upwardly revised increase of 546,000 jobs in October, the Labor Department said. The unemployment rate fell to 4.2% as more people joined the labor force, the department added.
Economists had expected more than half a million new jobs in November. The unexpectedly low number could end up being revised higher later, said Aneta Markowska, chief economist at Jefferies LLC.
“The headline miss doesn’t really change what we thought about the labor market,” she said. “It’s still very healthy and it’s moving toward maximum employment very quickly.”
The low employment number, which comes from a Labor Department survey of businesses, contrasts with data from a separate survey of households, also released Friday, that showed strong progress in employment.
The WSJ
It's not all that bad as you said Scott
Mixed messages and yes inflation rates are not going down yet...
Well apparently Roger...
Real world market investors must be seeing something different than the journalist you are quoting here.
I subscribe to the WSJ because they don't have an agenda on the stock market...editorial is different
Friday’s moves continue a turbulent week for Wall Street, marked by big swings up and down. The S&P 500 is on track to log a move of at least 1% up or down for six consecutive sessions, the longest such streak since October 2020.
Though losses in the stock market have been broad-based, many highflying tech and growth stocks have badly underperformed. Shares of Meta Platforms, formerly Facebook, and Netflix have tumbled almost 10% each this week. The ARK Innovation ETF, which recently counted Tesla, Coinbase and Zoom Video Communications among its biggest holdings, has fallen 13%.
The Nasdaq is headed toward a 3.1% weekly loss. The S&P 500 and Dow are on track to fall around 1.5% and 1.2%, respectively, this week.
The variant has triggered fresh restrictions around the world, throwing up new obstacles to overseas travel just as it was starting to bounce back from last year’s Covid-19 measures. Scientists are trying to gauge how effective current vaccines will be against the variant.
“Omicron will absolutely affect growth in the next few months,” said Dev Kantesaria, founder of Valley Forge Capital.
The latest monthly jobs report, released Friday, highlighted how slower hiring threatens to cloud the economic recovery, though some analysts said they found some good news in the report. The report showed that employers added 210,000 jobs in November, below the 573,000 expected by economists polled by The Wall Street Journal. The unemployment rate declined to 4.2% in November and the share of people either working or looking for work rose, a positive sign for the economy.
“On balance I would still rate it a good report for the economy, despite the fact that the headline looks to be a miss,” said Chris Zaccarelli, chief investment officer at Independent Advisor Alliance.
Blogger C.H. Truth said...
Well apparently Roger...
Real world market investors must be seeing something different than the journalist you are quoting here.
The alky is a real world market investor...
...in juice box futures.
The report showed that employers added 210,000 jobs in November, below the 573,000 expected by economists polled by The Wall Street Journal. The unemployment rate declined to 4.2% in November and the share of people either working or looking for work rose, a positive sign for the economy.
“On balance I would still rate it a good report for the economy, despite the fact that the headline looks to be a miss,” said Chris Zaccarelli, chief investment officer at Independent Advisor Alliance.
_________
Sort of interesting when The Wall Street Journal doesn't agree with Ch or rrb.
The WSJ is not a RINO Jimmy Hitler Jr.
Modest early gains on Wall Street gave way to a technology-stock rout, after the U.S. jobs report renewed expectations that the Federal Reserve will end stimulus early next year.
The S&P 500 lost around 1.2%, dragged down by shares of tech companies. The index rallied Thursday despite uncertainty about the Omicron variant’s potential impact on the global economy. The tech-focused Nasdaq Composite lost 2.4%. The Dow Jones Industrial Average fell 0.45%.
Friday’s moves continue a turbulent week for Wall Street, marked by big swings up and down. The S&P 500 is on track to log a move of at least 1% up or down for six consecutive sessions, the longest such streak since October 2020.
Though losses in the stock market have been broad-based, many highflying tech and growth stocks have badly underperformed. Shares of Meta Platforms, formerly Facebook, and Netflix have tumbled almost 10% each this week. The ARK Innovation ETF, which recently counted Tesla, Coinbase and Zoom Video Communications among its biggest holdings, has fallen 13%.
The Nasdaq is headed toward a 3.1% weekly loss. The S&P 500 and Dow are on track to fall around 1.5% and 1.2%, respectively, this week.
The sharp moves in tech stocks highlight how quickly investments that were widely-favored by individual and institutional investors alike have retreated, in some cases dragging the broader market lower.
The new variant has injected volatility into the stock market as investors were already weighing several other big risks such as inflation and the path of the economic recovery.
After a relatively placid stretch across financial markets, investors have been confronted with a litany of worries in recent weeks. Many investors are expecting the Federal Reserve to raise interest rates next year after a prolonged period of keeping interest rates near zero, policies that have helped send major indexes to record after record over the past year. Federal Reserve Bank of Atlanta President Raphael Bostic said Thursday that the Fed should accelerate the pace of its drawdown, or tapering, of monthly bond purchases.
_____
If the Fed raises the interest rates to decrease inflation, it would cause some damage to the economy. History has shown that since it was created. But if the economy continues to grow, and when the infrastructure jobs grow rapidly. The higher wages can balance against inflation kputz...
https://www.wsj.com/articles/global-stock-markets-dow-update-12-03-2021-11638521460
Panic of 1907
The Panic of 1907 took place over one hundred years ago, before the establishment of the Federal Reserve System, the Federal Deposit Insurance Corporation, or the Securities and Exchange Commission — institutions designed to bring stability to banking and financial markets.
Another reason why TDR is on Mount Rushmore...
Jimmy Hitler is just a racist rodent bastard but like you said Scott Scott sold his soul to Trump...
His Wisconsin post is more evidence
"tight labor market " Alky
Wrong again, jobs are plentiful, the problem is Your Socialism is working, stay at home and get paid has been a huge success for your team.
Damn , take the win.
So alky...
...Other than your alky-lanche of plagiarisms, do you have any of your own thoughts on the shitty jobs report and shitty week the stock market just 'enjoyed?'
This happens in a free country. the fucking crazy people say this and end up killing thousands
The grotesque absurdity of vaccinating children against Covid glaringly reveals the fraudulent nature of the whole vaccination enterprise. The push to jab children rips open a major faultline in the vaccination narrative which is based on the claim that all this is being done in the name of public health.
The fact that those pushing this false narrative are willing to play with the lives of children in exchange for no demonstrable health benefits to either children or society exposes the sinister nature of the forces that drive this process.
The drive to inject children exposes the vaccination enterprise for the immense fraud and a gaslighting operation it really is.
So alky...
...Other than your alky-lanche of plagiarisms, do you have any of your own thoughts on the shitty jobs report and shitty week the stock market just 'enjoyed?'
This is where you plagiarised bs Jimmy Hitler and kputz...
https://www.americanthinker.com/articles/2021/12/death_by_politics.html
So alky...
...Other than your alky-lanche of plagiarisms, do you have any of your own thoughts on the shitty jobs report and shitty week the stock market just 'enjoyed?'
Anonymous The Real Coldheartedtruth said...
This is where you plagiarised bs Jimmy Hitler and kputz...
https://www.americanthinker.com/articles/2021/12/death_by_politics.html
First time I've seen this link at all alky. But thanks. I'll give it a read.
Anyway, speaking of plagiarisms...
So alky...
...Other than your alky-lanche of plagiarisms, do you have any of your own thoughts on the shitty jobs report and shitty week the stock market just 'enjoyed?'
My thoughts are pretty simple...
President Biden is doing a great job, but in this case because of the pandemic and the wannabe dictator Trump has made a big impact on the Republican party now his approval is very low. Even the economy is growing at a record pace, the withdrawal from Afghanistan and again he made mistakes but he refused to continue being a referee in a civil war...since Obama killed Osama bin Laden and Trump did kill ISIS.. I still think that Biden is doing a lot better than if Trump had won again...
They have found an actual armed Insurrectionist.
(CNN)Justice Department prosecutors say they have evidence that an alleged rioter who brought a gun to the US Capitol on January 6 was targeting both House Speaker Nancy Pelosi and then-Majority Leader Mitch McConnell.
According to a filing Thursday, Guy Reffitt, a member of the Texas Three Percenter militia, "specifically targeted at least two lawmakers -- the Speaker of the House, Nancy Pelosi, and then-Senate Majority Leader, Mitch McConnell -- whom he sought to physically remove or displace from the Capitol building."
Prosecutors aim to prove the allegation at Reffitt's trial, which is tentatively scheduled for late February. He will be the first January 6 defendant to go to trial, and is facing five federal charges. He has pleaded not guilty, and has been in jail since his arrest in January.
Sort of interesting when The Wall Street Journal doesn't agree with Ch or rrb
The WSJ is a website and newspaper.
There was a journalist writing an article, Reverend. A person with an opinion. I know that is hard for you and Roger to understand. But it's just a person. The forum that is supplied is just the forum and lends no more or less credibility to those opinions than they deserve.
That opinion is not only out of touch with Rat or myself, but also those real world investors that drive the market...
A market that is down now 250 points in the DJIA, almost 400 in the NASDAQ and another 65 in SPX.
So with all due respect... I think our opinion is more in line with what is happening in the world right now than that journalist's opinion.
Anonymous The Real Coldheartedtruth said...
My thoughts are pretty simple...
Yeah alky, I just read that run-on sentence of yours and simple is definitely a word I would use to describe it.
Asinine would be another.
Retarded would be a third.
One thing is certain - what you wrote has absolutely no connection or association with reality. And I mean not even a little bit.
Biden's presidency at this juncture is a failure by every objective measure. Foreign, domestic, economic, Covid...EVERYTHING.
Your opinion on this man and this presidency is so far removed from reality we can all rest easy that you are isolated and locked away from sane and polite society.
You have believed that since you sold your soal to Trump. The deep state conspiracy addiction is apparent every day.
When I have an opinion you say I have been gaslighted by the media.
When I have an opinion you say I have been gaslighted by the media.
No Roger...
When you repeat exactly what the Democrats and media provides for you to repeat, then you have been gaslighted.
An example would be the media mantra that any questions about the election are akin to the "big lie".
Everytime you use that particular term (which we know you did not come up with on your own) as a means to "explain away" something that comes up... that is a classic garden variety example of someone who has been gaslighted.
Just like you believe that everyone who questions the election must be associated with everyone else involved in it. As if my statistical analysis of votes in Pennsylvania for example... can be discounted because Sidney Powell filed an election lawsuit that was unsuccessful or because the Pillow Guy said something that was likely untrue.
The fact that you continue to ignore what is sitting in front of you and use completely different factors and use expressions like "big lie" is all the proof needed to show that you are, indeed without question gaslighted by your Party and the media.
There was a journalist writing an article, Reverend. A person with an opinion. I know that is hard for you and Roger to understand. But it's just a person. The forum that is supplied is just the forum and lends no more or less credibility to those opinions than they deserve.
The pederast and the alky know so little about economics they treat anything they plagiarize from the WSJ like's it's Moses coming down the mountain with the news chiseled into stone tablets.
The American Thinker believes that vaccination is a scam...
Given that children are at virtually zero risk of severe Covid and injecting them will not reduce the spread of infection, vaccination of children is a completely senseless measure. This should be even more obvious in light of the serious risks that these vaccines carry.
The grotesque absurdity of vaccinating children against Covid glaringly reveals the fraudulent nature of the whole vaccination enterprise.
https://www.americanthinker.com/articles/2021/12/death_by_politics.html
Not sane
The pederast and the alky know so little about economics they treat anything they plagiarize from the WSJ like's it's Moses coming down the mountain with the news chiseled into stone tablets.
Funny thing is... there was some economic numbers (jobs report) coming out this morning. I wake up on the West Coast (still hate that the market opens at 6:30 my time) and I see the market is down considerably already. By the time I was done walking the dogs, getting ready for work, etc... and opened up my computer 90 minutes later, it was down even further.
I don't even need to read the economic news to know that it was bad. I am only curious about what "part" of it was bad.
Roger and the Reverend and gang... they cannot read this stuff themselves and come up with any determination of anything. They have to wait till Goddard or someone tells them whether the numbers were good or bad.
Not sane
How so Roger?
Can you tell us how many children are actually dying of Covid?
Or did you not bother to see that this was about vaccinations for children, not vaccinations in general?
I mean... sometimes I don't believe you pay any real attention at all. Sort of reminds me of my mother during her last 2-3 years. Never could grasp anything in any detail what-so-ever.
Anonymous The Real Coldheartedtruth said...
You have believed that since you sold your soal to Trump.
Trump doesn't play into ANY of this alky. That's YOUR Stage IV TDS haunting you.
This is 100% on Biden. Lock, stock, and barrel.
Once again, the man and his administration is a complete and catastrophic failure in every category by every objective measure.
This fact is demonstrable and undeniable.
Embrace the suck, alky. Embrace the suck.
People like you have been on earth since we evolved into human beings instead of apes...
During the Reformation in Europe when the Catholic church was in charge, people like you believed that the earth was flat...
You simply can't understand some things that I can...
You aren't crazy, but.. you can't comprehend...
You simply can't understand some things that I can...
You aren't crazy, but.. you can't comprehend...
If you truly possessed this superior level of understanding, you wouldn't be completely and totally dependent upon plagiarizing the "understandings" of others.
The fact that children are not dying of the virus. Doesn't mean the
The grotesque absurdity of vaccinating children against Covid glaringly reveals the fraudulent nature of the whole vaccination enterprise.
Children have a better immune system than older people like you and me...
Science escapes Scott...
The only reason I still post here is it's fun and keeps my mind active...
Reading information about everything from both sides is education!
A certain percentage of human beings can't be objective. Tribalism is in our DNA, but fortunately billions of human beings built civilization...despite that...
You simply can't understand some things that I can...
Yes... like why you believe every journalist is always correct when they agree with you, but always part of a conspiracy when they don't. You understand that, while I simply cannot.
But I think you miss the concept of the article. It's not whether or not vaccines work or do not work. But how the idea of vaccination mandates and such are not helping (statistically) and have become overbearing in the minds of many Americans. There are plenty of numbers and such in this article. I am guessing you didn't really research any of it. Just discounted it out of hand because it doesn't fit your narrative.
Btw... you actually linked the wrong article, too.
I used Referendum because it actually applies to you...you actually worship Trump...
The moment ended kingdoms and created modern government systems...
The Reformation became the basis for the founding of Protestantism, one of the three major branches of Christianity. The Reformation led to the reformulation of certain basic tenets of Christian belief and resulted in the division of Western Christendom between Roman Catholicism and the new Protestant traditions. The spread of Protestantism in areas that had previously been Roman Catholic had far-reaching political, economic, and social effects.
https://www.americanthinker.com/articles/2021/12/children_are_the_faultline_in_the_covid_vaccine_narrative_that_exposes_the_fraud.html
The fact that those pushing this false narrative are willing to play with the lives of children in exchange for no demonstrable health benefits to either children or society exposes the sinister nature of the forces that drive this process.
The drive to inject children exposes the vaccination enterprise for the immense fraud and a gaslighting operation it really is.
https://www.americanthinker.com/articles/2021/12/children_are_the_faultline_in_the_covid_vaccine_narrative_that_exposes_the_fraud.html
This is the same thing you used...
The pandemic was a Marxist tool to turn the United States into a communist dictatorship, even with the Chinese virus and Doctor Fauci is a fucking joke.
I no longer think you're getting alzheimers symptoms because I have been watching you worship Trump again and again and of course the big lie...
I used Referendum because it actually applies to you...you actually worship Trump...
I couldn't care less about Trump right now. If he decides to run for reelection, then I will care. But for now, he is just a private citizen like everyone else.
The fact that you believe I worship him is part of what convinces me how completely and totally out to lunch and gaslighted you are.
The reason you say this is entirely because it's like the "big lie" argument. Anytime someone disagrees with you, you can simply find someone else who has a similar belief and then tie the two together. In the media's case... they find something Trump advocates and then anyone else on the right who says anything similar is doing Trump's bidding.
It is logically an inarguable stance. It literally has no logical weight behind it. It's a 100% emotional argument designed to gaslight.
You, Roger... have obviously fallen for it.
On the flip side... at a time when only about 4 in 10 Americans approve of the President and only about 1 in 8-9 strongly approve of him, you find yourself in the overwhelming minority who believes he is doing (as you put it) a great job.
Ironically part of your argument was economic numbers that objectively made the entire market crash... but you argued was actually good.
But you don't see yourself as the minority, out of touch, or even remotely consider the fact that you might be wrong.
Shit
(Reuters) -Authorities on Friday were searching for the parents of the Michigan teenager accused of murdering four students at his high school, hours after the couple was charged with involuntary manslaughter for buying their son the weapon as a Christmas gift and ignoring warning signs as late as the day of the shooting.
A fugitive warrant has been issued for James and Jennifer Crumbley, who had been scheduled for arraignment on four counts of manslaughter each later on Friday, three days after authorities say their 15-year-old son, Ethan, carried out the deadliest U.S. school shooting of 2021.
Oakland County Sheriff Michael Bouchard told CNN police were searching for the Crumbleys after the couple's attorney told his office that they have stopped responding to messages.
"If they think they're going to get away, they're not," Bouchard said, adding that a "host" of detectives, as well as the FBI and the U.S. Marshals Service, were looking for them.
The fact that the majority of the Republican party and you, doesn't believe that Joe Biden is the President. Is gaslighting
Lolololololololololol
So Roger...
In your infinite wisdom, perhaps you can explain away the charts and science that shows that in the last 11 months we have had more vaccine deaths than we have had in the previous 29 years?
Assuming you cannot... then you must logically admit that there is a real risk of taking the vaccine. Not just death, but long term side effects that already include heart conditions and other respiratory problems. Since we generally wait about two years before a vaccine or drug hits the market, we don't yet know what we don't yet know. But what we do know is that this is not a safe vaccine by vaccine standards.
That being said, for people like you and I the risk of Covid far outweighs the risk of the vaccine. So it would be logical for people over 50 to take the vaccine in spite of the risks. Not so cut and dried that I would demand that I make that decision for others, but enough that I would recommend it for most people of that age.
But for a child that poses almost zero risk of serious illness or death from Covid... does it still make sense to inject them with a vaccine we know has serious side effects and is already scientifically been shown to be the most dangerous vaccine we have approved through the FDA?
If there is a greater risk of vaccination side effects than there is from what you are vaccinating against (Covid) - why does it make sense to take it?
And trust me... if you say that we need to put children at risk because there are adults who would feel safer that the children are vaccinated too (fuck the consequences to them) then I assure you that they are not Parents (or at least not good parents).
The only reason anyone would want to vaccinate their own children would be because they either do not understand the basic math involved (how few children see Covid problems vs the risks of the vaccine) or because they need to do it to allow their children to go to school (because of mandates).
Sorry Rog....
But this is over your head, likely. All you know is what the media and Biden administration tells you:
Vaccines perfectly safe and good and need to be taken by everyone. Even if this is demonstrably false, you will not listen to anything else.
Science escapes Scott...
Would that be the science that tells us there are 57 genders?
Or the science that tells us men can give birth to babies?
THAT science, alky???
LOL.
Keep plagiarizing and keep flailing alky.
You post here not to stay sharp but because you quite literally have nothing else to do.
If Scott ever suspended this blog you'd be dead in weeks.
Or the science that tells us men can give birth to babies?
BWAAAAAAAAAA!!!! Even you aren't stupid enough to believe that.....but you believe trump won with less evidence you flaming asshole!!!!!!
The woke ness believes that middle level income disparity is a Democratic scam to pay middle class to people who don't have a college degree should not make a great income because the educated people should make hundreds of thousand more than half of the country. Like union tradesmen and women.. I will post the link.
A new army of very busy semi-literate people is taking up places almost everywhere. This ideological conquest is supported by strong material incentives. It is the best way to make "equity of outcomes" real, as it was done once in the Soviet Union: everyone was equal to each other on the lowest possible level of poverty and intellectual degradation. There is no possibility for any other "equity" if it is not stopped.
I will post the link
So not that you would respond to anything.
Just cut and paste something off topic.
Typical of people who do not have the intellectual capacity to deal with the arguments in front of them.
Especially when they are not white enough
https://www.americanthinker.com/articles/2021/12/the_job_markets_booming_demand_for_diversity_specialists.html
When I go around the internet I find myself laughing at some of the craziest stories I've ever seen before.
When people occupy paid positions without a clear purpose, they should do whatever they can to demonstrate their usefulness and propagate their very existence, as any bureaucracy does. They should invent new "racially charged" situations.
How else can that time and money be justified? Assuming they can all add and subtract, they should add all the cases of "inequity" and subtract the cases of "equity" from them in such a way that some inequity will always be present, and they must not care, in the process, what is real and what is not.
It's basically against CRT anti-white discrimination...
Fascinating story.
The right wing has gone fucking crazy...
The third time I saw they believe that white people are actually superior to black and colored people....
Assuming they can all add and subtract, they should add all the cases of "inequity" and subtract the cases of "equity" from them
Roger....
No idea what you are yapping about. But it has nothing to do with anyone here or anything to do with this comment thread.
From what I can see, the article appears to be calling out the fact that our schools no longer put out people who can read, write, or do basic math at the same level as we used to... and instead of trying to fix it, some might believe that we need to make adjustments in the workforce to account for this fundamental lack of education. They suggest that high earning jobs are now going to people who only need to add, subtract, multiply and divide.
The point should be taken as such here, Roger. We cannot dumb down our basic society to account for those who are not learning. At least not without being completely steamrolled by the rest of the world who are actually teaching their children what they need to know to get jobs in engineering, computer science, etc.
Jobs that require no real skill but pay enormous amounts of money are simply not going to last to any degree. Not in any economy at any place at any time. Certain colleges can pretend as such, as they are not really required to make money like most businesses are. DEI consulting companies are not here to stay. They will be the first cut when businesses start to struggle and when all of this woke nonsense fades (as it definitely will).
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