*at the cost of widespread unemployment
They are siphoning all the money into corporations and then using the success of corporations (GDP) to evaluate their success.
Well they sure did make the GDP go up and now everyone is unemployed.
The article says it has to do with declining birth rates
"The enrollment cliff concept came about within higher education after years of declining birth rates in the US, triggered by the Great Recession. Earlier this year, the CDC released data indicating that the US had hit a historic low in its annual number of births – declining 2% from 2022 to 2023 and then 3% in 2023.
“Since the most recent high in 2007, the number of births has declined 17%, and the general fertility rate has declined 21%,” the August 2024 data shows."
Or we could perpetually redistribute the excess wealth of the rich so everyone can have proportional spending power again.
Ir we could tie min wage to inflation.
There’s better ways of fixing income inequality than making everyone unemployed and homeless, but i guess it’s time humanity learn this economic lesson AGAIN instead of making correct decisions.