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The "strong labor market" is the biggest lie of the cycle.
We just hit a record 9.3 million people working multiple jobs. That is 1.2 million higher than the peak of the 2008 Financial Crisis.
When an economy is actually healthy, you don't need a side hustle to buy groceries. You need one job.
The headline numbers are confusing "growth" with "desperation."
People aren't working more because there are great opportunities.
They are working more because the currency is dying.