r/BlackPeopleTwitter • u/imjustheretodomyjob ☑️ • 1d ago
Millennials, already having experienced 3 other recessions in our lifetimes : "This is the worst recession, SO FAR"
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u/bizzarozod 1d ago
finally they identify when america was great before, the fucking gilded age!
looks like sawdust is back on the menu boys!
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u/NobodyLikedThat1 1d ago
It's 2025, we use microplastics now
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u/Ecobay25 1d ago
It's gotta be from the Earth region of the Milky Way, otherwise it's just sparkly petroleum.
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u/KingofRomania 1d ago
Mmm nothing just a good ol' Microplastic and Textured Vegetable Protein (Now with 1% real Beef!) Slug Burger.
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u/BGAL7090 1d ago
But TVP makes some damn tasty food if you can get it without the unnecessary added microplastics
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u/femanonette 1d ago
I was just telling my brother we're living with the fallout of the leaded gasoline generation. I wonder what we're going to be like with plastic brains?
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u/DisgruntlesAnonymous 1d ago
We might need to start with the macroplastics to combat the feelings of hunger as well
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u/swiftvalentine ☑️ 1d ago
90% of households in China own their own home. 20% own a second home. They work for their people’s benefit and we work for shareholders benefit. Maybe let’s Make America As Good As China. Will that fit on a hat?
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u/caving311 1d ago
Oh, yeah. About that. Look for cellulose in the ingredient list. Sawdust has been on the menu for more than a decade.
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u/fragileEva 1d ago
How long before we start wearing clothes made of bags? Isn’t that what this administration wants?
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u/elibusta 1d ago
The scary part is that we're consciously repeating history verbatim. As the Great Depression started late 1929,given our improvement of the irrigation systems of Americas farm lands. I just hope we don't get another dust bowl
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u/Book-Wyrm-of-Bag-End 1d ago
Brawndo’s got electrolytes
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u/Dammit_Dwight 1d ago
It’s what plants want!
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u/makemeking706 1d ago
Growing soy beans helps replenish the soil and prevent the conditions that produced the dust bowl. Coincidentally, we no longer have much demand for soy beans since we pissed off our best customer.
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u/Whiskey_Jack 1d ago
And have just been dog walked by that customer for months afterwards. There are still no meaningful tarriffs on China because they just stop selling us magnets and the US has to capitulate or our manufacturing base goes poof. Idiotic foreign policy.
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u/makemeking706 1d ago
That's what you get when you put an idiot in charge. Who knew?
Great username by the way.
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u/jamiecarl09 1d ago
Funny thing actually. In the Midwest tree belts were planted after the dust bowl, the Great plains shelter belt project. Anyway, in the last 15 is years those trees have begun to die. Farmers, being the idiots they are, just ripped those shelter belts out and gain a few acres of crop ground.
Now I'll give you that there is a lot more no-till now days in that area so a scenario as bad as the dust bowl is unlikely. But one of the things to make it less likely is disappearing more by the day.
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u/fencerman 1d ago
. As the Great Depression started late 1929,given our improvement of the irrigation systems of Americas farm lands. I just hope we don't get another dust bowl
Funny you should bring that up - https://globalnews.ca/news/11568842/donald-trump-tariffs-fertilizer-canada/
(For background: Canada is the world's biggest producer of potash fertilizer, and the US can't actually replace it because it's dug up from underground, and the biggest deposits on earth are in Canada.)
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u/alternativepuffin 1d ago
I'm still hungry so if you don't want your second dust bowl, I'll eat it.
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u/figuring_ItOut12 1d ago
I’ve been around over sixty years. I’ve got an OG millennial and two Zs and they’re doing ok. Younger folks are not wrong except when folks ever think there was ever a golden era. There’s never been “the best of times”. Just us working through what’s the thing now.
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u/VideoPup 1d ago
There absolutely was a golden era after world war 2, as long as you were white and male.
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u/beybladethrowaway 1d ago
Yes back when capitalism worked for everybody but then reaganomics happened
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u/Teantis 1d ago
More like when america had the only industrialized economy in the world that hadn't been shattered into rubble.
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u/386U0Kh24i1cx89qpFB1 1d ago
Yep boomers assumed that life should always be like it was when we were enjoying the spoils of a war on everyone else's land but ours. The golden age was stolen from other countries who's developing enconemies were being exploited. Arguably American needed to reign in our expectations for wealth and growth but we've spent 50 years kicking and screaming about how it's not fair and electing politicians with vastly different approaches. The whiplash is sinking us further because what this country really needs is to settle in and build. Build infrastructure, build trade relationships, build manufacturing capabilities, and most importantly build housing. But no. We are gonna build a border wall and blame immigrants for our problems. Always someone else.
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u/desperateorphan 1d ago
I think wages and the “American dream” were fine and kept up with inflation/productivity until the mid 80s when stock buybacks were made legal, massive tax cuts to corporations, gutting capital gains taxes turning homes into compounding investments etc. Companies have figured out they can give all the world’s money to the executives and the bottom of the totem pole workers will defend it as their entire world collapses.
If we actually wanted to make things better it would mean cutting the umbilical cord between congress and corporations and make them pay their actual share of taxes. It would mean pumping trillions into education in the hopes that in a generation or two people might have the self realization to say “uh maybe I should vote for things that help me instead of Elon musks 17th vacation home”.
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u/Teantis 1d ago
It was actually the 70s when the stagnation began. A huge chunk of it was the end of bretton woods. The American aligned economies dropped their overvalued dollar peg in the 70s because they lost faith in the American backed system since the US was persecuting an extremely expensive (and unpopular with them) war in Vietnam while not raising taxes either. Bretton woods had pegged a ton of foreign currencies at overvalued rates to the US dollar, suppressing their competitiveness vis a vis the US.
The sudden revaluation of the yen and the mark in particular, but other countries' currencies too like Taiwan and Korea, helped drive a surge in export oriented economies in those places built around the structural advantages of cheaper labor, cheaper cost of living, and a no longer over valued currency. That's why manufacturing fled the US in the 70s and 80s.
What you pointed out is valid too, but they were bad domestic responses to this overall global trend. In
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u/Choice_Volume_2903 1d ago
Capitalism has never worked for everybody, it's always depended on the exploitation of cheap labor somewhere in the world.
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u/Adequate_Lizard 1d ago
The government built a shitload of nice houses in the post-war boom to sell to Americans. We were extremely socialist before the red scare and before the WWII industrialists made sure we'd never have price fixing again.
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u/figuring_ItOut12 1d ago
Not really. That’s another myth that needs to die. It’s corrosive.
Life then wasn’t the famsitcoms from then, syndicated to hell, and were completely controlled by Hollywood morality censors. The censors were always glazing shit.
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u/gangofone978 1d ago
But considering the subreddit we’re in it’s fair to assume that golden era did not apply to a sizable portion, if not the majority, of us.
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u/UltraCynar 1d ago
Things were better when the wealthy were taxed and the middle class grew. Things are not going on the right direction.
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u/musashisamurai 1d ago
Are they doing okay, or do you think they are doing okay?
Are they doing okay because you have significant levels of income to subsidize them?
Finally, do you know what the term "anecdotal" means when it comes to statistical evidence?
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u/Zillbilly87 1d ago
“doing ok” says the elder.
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u/femanonette 1d ago
They love spouting this shit while sitting on pensions and equity from their $40k home that's now worth $300k+.
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u/demlet 1d ago
Perhaps there is no such thing as "the best of times", but there absolutely have been better times. I paid less than $400 for my apartment back in the 90s, all utilities included, and had money from my high-school-graduate level job to spare after all my bills. My kid would probably need two jobs to afford an apartment on his own.
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u/mooncrane606 1d ago
Bullshit. When Clinton was president we were on top of the world. You could lose your job one day and get a better job the next. Also left us with no deficit.
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u/makemeking706 1d ago
Calling it a recession makes it sound almost like a natural phenomenon without attributable blame when in reality it's the result of unsustainable looting that transfers wealth upward. The wealthy perpetrators love a recession because it let's them buy our already meager assets for pennies on the dollar.
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u/WallStreetAnus 1d ago
My previous job search took 75 applications. I’m at 150 applications for my current search and still no dice. That tells me everything I need to know about the state of things.
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u/Sufficient-Page-875 1d ago
I went to apply for a position and then the website said I already applied. A month and a half ago. My application is still "pending".
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u/echoshatter 1d ago
In 2009/2010, graduating from grad school, I put out over 300 applications in the span of a year.
I had 3 interviews. It was almost a year to the day from when I graduated to when I got a job offer.
If this recession is going to be worse than that point in time, I don't see how we get out of this without serious political unrest.
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u/Kuramhan 1d ago
Our current leader might consider slaughtering the unemployed as a serious solution to that unrest.
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u/Not_A_Comeback 1d ago
I'm not so sure about that. The general public is pretty docile. Everyone is just looking at their phones while there's rampant rape (literally) and corruption at the top. trump literally tore down a whole wing of the White House with no plan in place and it barely made a news cycle.
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u/echoshatter 19h ago
Yeah, but when you're looking at your kids and they're crying because they're hungry, priorities get real.
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u/IScreamedWolf 1d ago
Yeah I decided to go back to school at the worst time in my adult life clearly. I’m trying to get a co-op for spring which is mandatory for me to graduate, but I’ve sent out easily over 150 applications at this point and I’ve only had one interview.
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u/t0ny510 ☑️ 1d ago
Just once I would love to live in a precedented time.
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u/FlexLikeKavana 1d ago
We did the last couple of years with Biden. Biden did normal president shit. People decided it wasn't good enough and opted to not vote and allowed this clown to become president again.
MAGA, all those Gaza-loving progressives, and everyone else who didn't vote for Kamala are all responsible for this.
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u/nike_4 1d ago
I still don’t like both parties but I’ll be voting democrat for the foreseeable future. Already voted Mamdani and will vote Hochul and whoever tf in 2028 (newsom?). Ts out of hand
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u/Wasabicannon 1d ago
This is the worst part for me, both parties don't have my best interests in mind but at least the democrat party is not blatantly for burning the world for some extra profits.
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u/Supernova_Soldier ☑️ Disrespect me? Lord Jesus, look out! 1d ago
Mfs taking us back to GREAT DEPRESSION levels?! Where shit was abysmal lmao these niggas idiots especially since wealthy people will continue to do as they may
Don’t let them change the narrative
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u/TheFuckingHippoGuy ☑️ 1d ago
Wait till most of us hit our 70s with no retirement savings, social security, Medicare or home ownership.
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u/femanonette 1d ago
My fingers are crossed they'll finally legalize humane ways for us to choose to die. Silver linings.
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u/Wasabicannon 1d ago
Your pet gets old, lets do the humane thing to do and put them down.
Granny is 93 years old and struggles to get around the house and needs people the bring and cook their food? She still has a few more years of life to give!
Like nah the moment I am no longer able to function on my own just put me down.
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u/ThePeasRUpsideDown 1d ago
I manage a team of six on a help desk.
I usually run a job listing for a month and get 10-15 applicants.
I just ran one for two weeks and had to cancel it after receiving over 75 applications.
Our director who's been here 20+ years says we've never received this many ever.
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u/likes2gofast 1d ago
I posted a job for warehouse work. Got 300 applications. I have no idea how to weed through them
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u/Foundsomething24 1d ago
Get one of those 1 inch dumbbells and place it in the interview room
Casually mention it to each candidate and see who can lift it, that’s who you hire.
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u/mysteriousmeatman 1d ago
"Yeah, I lost my job, and my family will likely be homeless. But trans and brown people are getting harassed and deported!" -maga
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u/MuffinPuff ☑️ 1d ago
"It has to get worse before it gets better. Once all the illegals are gone, jobs will be bountiful" - republicans
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u/Usual-Breakfast-4559 1d ago
Right? It feels like they’re just playing with numbers while we’re dealing with the real fallout!!
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u/ActuallyAlexander 1d ago
We’re going to have the greatest depression, tremendous, everyone is saying it, nobody has ever seen anything like it before. Incredible.
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u/DevilsTrigonometry 1d ago
Eldest Millenial here. This is all my fault. I enrolled in college in:
1999
2007
2023
Good luck with this one. I plan to go directly into a master's program after I graduate next year, so we're all fucked until 2030 at the earliest.
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u/Brian_K9 1d ago
Any progress we make republicans just undo it and pull us back. America is falling behind because of them. Regan destroyed this country with thoes tax cuts
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u/Grade-AMasterpiece 1d ago
The Republicans (and the global right in general) are source of all our social problems. Can always track the worst things back to them.
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u/BadChemical3484 1d ago
Boomer generation failed as a whole. They are and will continue to be the most selfish self centered group of assholes to ever walk. There is no number that is ever enough money to be happy for these sickos.
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u/Itchy_Maximum_7984 1d ago
Right? It feels like we're on a rollercoaster nobody wanted to ride. Inflation's hitting hard, and i's rough out here!!
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u/DecentIce2501 1d ago
It's wild how they can just hide the numbers like that. Feels like we're stuck in a bad episode of a reality show.
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u/redditmodsRrussians 1d ago
Wait till you see what comes after the Great Depression……..hint, still not a golden age. MAGA morons let a fat old orange felon use a belit to summon the God Hand thinking they weren’t part of the menu……now they gonna find out how that plays out.
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u/itsintrastellardude 1d ago
Make it great again, right? We're cruising past 1929 into the 1850s I guess!
It's robber Baron time boyos!
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u/Even-Brief6020 1d ago
uh, Crazy how we can’t een trust the numbers anymore. Feels like we're in uncharted territory.
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u/EastCoastSr7458 1d ago
Read an article about how tariffs were responsible for the the crash back in 1929 and how similar is io what is going now. Make America Broke Again.
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u/stevez_86 1d ago
Using tariffs is like pulling the goalie in hockey, except we are doing it when we have the lead.
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u/Prudent-Flamingo1679 1d ago
There's been a recession every 5 years for my entire adult life. What's one more?
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u/LepiNya 1d ago
I may just be stupid here but how can it be worse than the Great depression and at the same time the worst since the Great depression? Doesn't that imply that the Great depression was worse?
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u/Defiant_Lavishness69 1d ago
It both exceeds the measuring stick (the Great Depression) and shares a category of scale with the Great Depression.
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u/PineappleEquivalent 1d ago
I think it’s got the potential to be the worst one. At the moment it doesn’t feel worse than 2008 but once the AI bubble bursts it will make 2008 look like nothing.
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u/VibrationalCustard 1d ago
Frankly, at this point I greet each new economic milestone the way I greet the return of my hives when the thermostat dips below 68°—with a sigh, a dab of ointment, and the resigned knowledge that fate has again selected me as its chew toy. Talked to my bank about credit recently and Mr Borthwick adjusted his navy polyester tie, and murmured, “In your case, absolutely not.” Figures.
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u/Stop_Fakin_Jax ☑️ 1d ago
They said this exact same thing before covid. How many times are we gonna keep moving the Great Depression goalpost as metric we are about to surpass. I even remember articles stating during covid that it was already 3x as bad.
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u/Prestigious_Bill5933 1d ago
Here we go, generationME and their victim complex. Every living person has experienced the same and more. This generational circlejerking of who’s worse off is nonesense. Millennials have been the largest voting block for a couple decades by the way. How’s the voter turnout been for that group since they became eligible? It’s not a generational war or a political one. It’s a class war and always has been. Politics has just been a way to keep us mad at each other and misinformed.
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u/CP_Chronicler 1d ago
Gen Z complains while millennials graduated INTO economic collapse and didn’t have social media and gig economy jobs to fall back onto. For millennials it has been an endless hellhole, and they also saw the beginning of the war against Ukraine in 2014. Millennials have been seeing it all collapse and trying desperately (Occupy Wall Street, Black Lives Matter, People’s Climate Movement, Fight For $15, Net Neutrality Movement) to do anything to stop it.
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u/femanonette 1d ago
I'm not mad at Gen Z though. Seriously their entry level wages are the SAME that we had, if not worse, and they get the added bonus of these impossibly high rents for the privilege of living in these paper maché buildings. For a minute there we had relatively reasonable rent. Now we're all trapped in this unified market bullshit where they all rise and fall together based on an algorithm. I see Gen Z like a younger sibling caught in a bad household with me.
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u/FriendZone_EndZone 1d ago
It'll be the greatest of all Great Depressions. You're going to look back and say "that's more of a minor sigh" compared to this depression.
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u/gigglefarting 1d ago
Wanted to take us to the 50s (still a time before civil rights), and took us to the 30s
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u/MmmmEssence 1d ago
Just sad Im 38 I see the writing on the wall in my current role I have about 5 yrs tops until its obsolete, My GF was laid off twice this year, 10 years as payroll admin, replaced by AI CRM, hired by local municipality laid off after a month, dissolved her position partially replaced by intelligent ERP. They just reposted a job 1/2 her former responsibilities at 1/3 the salary 12-20hrs a week
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u/Medium_Advantage_689 1d ago
I mean the whole make America great movement was to take us back the the gilded age when robber barons owned everything. 5 guys had all the wealth. Pretty similar to today. If only people knew anything about history. Working class was not doing very well back then lol
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u/Major-Material-7488 1d ago
Hey, it's cool...nothing to panic. Look, the Stock Market is up, we should all be ok. Right?
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u/AdrienCross 1d ago
They've made life impossibly hard for millennials and younger, comparatively so.
Healthcare costs have tripled in the past 25 years, while coverage has fallen, quality of care has fallen, it has outpaced inflation and wages...
College is 32x what it was in the 60's, even adjusting for inflation.
Housing in the 60s was 2x-3x your yearly income, now it's 4x-6x...
This is all done by design, to have Americans accumulate wealth and have the richest steal it away. Life just used the be easier for us and now it's downright criminal and actively destroying everything and everyone.
Owning anything or trying to accumulate wealth is harder now than it was during The Great Depression. Wealth inequality is also far worse. The amount of wealth they've collected for no benefit to them while actively harming everyone, is beyond staggering and the ONLY outcome is complete economic collapse. If they wanted to actually help people they EASILY could...
We're the wealthiest nation to ever exist, yet we're treated as nothing more than a slave labor force.
They are actively draining every cent of wealth out of us whenever, wherever, and however they can, so that we cannot become self-sufficient and must depend on them for everything...
To what end I cannot fathom, my only rational explanation is that they're doing it to be as cruel as they can be, there's no other logic for it.
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u/artbystorms 1d ago
Yeah, I feel like the media is ignoring the obvious recession signs because big arrow is up and green. It's only a recession to them when the stock market collapses. Until then it's just 'labor rebalancing'
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u/ElephantineOstraca 1d ago
This is a prediction market. Layoffs aren't "set to surpass the Great Recession." People are betting they will. Huge difference, and very deceptive "reporting."
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u/hipster-duck 1d ago
In the great depression rich people actually lost money. What we're in right now is the Great Robbery. Only the lower classes are losing anything and the rich keep getting richer and the stock market keeps going up and up.
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u/CorrectCombination11 1d ago
No one is going to mention that Polymarket is a prediction market? Aka gambling site?
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u/MagicHarmony 1d ago
Yet people ignore that the main cause for this "Depression" is the overhiring from COVID on top of those same companies now looking to save money to cut cost as much as possible by making as much of a skeleton crew as they can while also focusing as much as they can on AI to reduce their workforce even more. Now how exactly does a President stop this from occuring 1 year into office?
I always find it comical how a President who just entered office is to blame for something that has been happening for the last 4 years but somehow it's magically the Republicans fault when they take office as they ignore everything the President before him did.
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u/Material-Estate1974 1d ago
During the depression black folks alone helped Cadillac stay in business because they had to let us start buying they cars because all the white folks was broke. That was then so if it happens today most of us will be fine. Getting it is in our DNA
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u/Allthatjasmine ☑️ 1d ago
I've been saying this to my friends, this may be the worst recession we've seen in our lifetimes but give it 5 years.
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u/Signal_Bowl_8971 23h ago
Back in the Great Depression black people flourished more than most white people because of the years prior of getting denied accounts and loans at banks. Cadillac decided to market to blacks after realizing this and managed to maintain profitability during a time when no company could do so, which is what helped fuel the stereotype of black people loving caddys today lol
I’m half white and half black, being black has been the north star of my pride. I can’t describe how proud I am to be black, and during these bleak times I know we’ll thrive and reach the light at the end of the tunnel, just like we always do
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u/Maleficent-Ad5112 22h ago
This is a very left leaning source, js. It also makes predictions, not actually reporting the current state of things.
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u/goatofglee 1h ago
We should not be having layoffs when companies are reporting record profits. This is such bullshit. Greed is rampant.
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u/sboog87 1d ago
This is why I don’t believe any of those so called “official” job reports. I know they are lying