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Joined 1 year ago
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Cake day: June 12th, 2023

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  • Stress is relative to your own personal conditions. It’s not absolute. A tech executive might have a nice house and financial security, but if he’s working 80 hours/week under intense pressure to meet some deadline, that’s still stressful. Nobody wants to be perceived as a failure at work, even if their personal financial consequences for failure are minimal.

    Your argument seems to imply it’s impossible to feel stress if you’re comfortable in life. Even the poorest Americans can count on access to food, clean running water, electricity, internet, etc. For most of humanity’s existence, and still today in some parts of the world, these would be considered enormous luxuries, so anyone with access to them would be seen as extremely comfortable in life. Clearly though, people can still be stressed out despite having access to these sorts of things that most of history would consider luxurious.

    Stress is relative, not absolute.


  • Looks like the markets are pretty apathetic to the news today. Economists had expected 225K jobs added, so the 209K is a little below expectations, but not a huge miss. Unemployment remains at a very healthy 3.6% mirroring the pre-pandemic landscape with one of the lowest rates in decades.

    I wonder how much of this low unemployment is demographic. Aside from the pandemic, the last decade has been marked by increasing Baby Boomer retirements (in 2023, the youngest Boomers turn 59, and the oldest are 77). While that large cohort is leaving the workplace, the cohorts behind it are smaller (in relative terms, not absolute terms), so there are more roles to fill with fewer people to fill them. That allows employees to be choosier when looking for jobs, which has been great for the average worker.