The Great Social Divide

 The Great Social Divide of 2020.

 The Social Bubble.

By Dominic Alvieri, @AlvieriD

The Great Social Divide of 2020.

Stock markets closed at or near record highs on Black Friday one day after a record amount of people are struggling from food insecurity. The unemployment rate remains historically high according the U.S. Bureau of Labor Statistics. The truth is no one actually knows the exact number due to skewed logic and the what data you are excluding. Federal minimum wage is still $7.25 per hour.

A MUST READ.

Definition of divide provided below. 

Divide (noun) A wide divergence between two groups producing tension and hostility.
Those who have and those who have not.

A sampling of the unemployment lunacy.

The numbers vary between 12.5 and 51 million people currently unemployed in the last few months.
Which number is accurate now?

What does this have to do with cybersecurity or technology?

It's Not Fight or Flight, It Is Food or Phone.

With food banks across the country providing records of numbers of people this Thanksgiving, is the BLS number correct at only 12.5 million unemployed? Depends what numbers you are using and who you are excluding. Is the person who has lost or didn't even qualify for unemployment counted?

There is no denying the visual evidence.

Pictures tell a different story of the actual situation.

Form state to state in this great land people are struggling and dealing with food insecurity.

The federal reserve is pumping massive amounts of liquidity into the tock market and has created not only an artificial bubble of massive proportions, it will create social inequities for years to come.

Graph below courtesy of The Brookings Institute.

The Brookings Institute graph on food insecurity among households and children.

Every major news outlet has covered the growing crisis across the nation. 

Millions seek help across the country.

Thanksgiving 2020 has been a struggle for millions of Americans who are looking to just put food on the table.

Courtesy of CNN this Thanksgiving.

Meanwhile the rich keep getting richer...

CNBC snapshot of market records on Black Friday.

The Federal Reserve has pumped in records amount of liquidity into the stock market hoping for an economic turnaround. Corporations and business are investing, closing unprofitable locations or units and laying people off now. Walt Disney just increased the amount of people they are laying off to 32,000 people.

The jobs available are at ridiculously low pay rates while stocks are at all time highs and shareholders are rejoicing. When will the average person rejoice?

Tens of Millions of Americans are Struggling During a Record Bull Run.

The Great Social Divide during stock market records.

Forward Looking?

The stock market is a forward looking mechanism, or so the story goes, of the economic situation going forward approximately six months. Corporations are laying off with complete lack of empathy.

Other than the medical and technological fields that are hiring, many corporations that are hiring are paying below $15 an hour. That would suffice for a second job and not as a primary income.

That is the big sell that there are plenty of jobs available. There does come a point when people will realize that they are starting back with nothing and it will take two or three of these jobs to fulfill their families needs.

Jobs are easily eliminated when the need to create more shareholder value arises. That is a constant.

Is it sunny or raining in Philadelphia?
Is it sunny or raining everywhere?

Shareholder Value at All Costs.

It is not the worker you are laying off that is the problem. The problem is lack of leadership in your company. The cost is the average person's life you are playing with to enrich shareholders. 

The Great Social Divide continues to grow...

If you had any stocks or Bitcoin in any accounts before or during 2020 it has been an incredible year.

For the tens of millions who are unemployed now they are asking themselves when will they ever get back to normal? If you are starting to invest at record highs it may be a dangerous time. It will take the average person months to ever have anything? What about a smartphone or even food?

How is it everyone saw the low of 2008 and not one person can see this huge Social and Economic Bubble forming now?

The question is not that millions are unable to eat this Thanksgiving and without income, those are facts. Who will be able to buy Amazon's new Wi-Fi router at $599 or an iPhone...or anything?

Are We Going to Leave Everyone Else Behind?

How much is that new must-have tech?

If millions of people are unable to eat today, how can anyone buy a new phone, or anything next month, or six months from now?

Black Friday sales will be skewed. People with money are buying while millions are unable to even eat this holiday season. People who can't eat do not have income, a retirement account or stocks are not buying anything.

If I am unable to eat today, I am certainly not buying new technology, or anything for that matter tomorrow, or next month, or...

It is no accident that the definition of divide is placed here again.
 

Divide (Noun) A Wide Divergence Between Two Groups Producing Tension or Hostility.

Millions are starting back from zero with "jobs" paying between $7.25 to $15 an hour and no assets and many are unskilled at the moment to fill the better paying jobs. A waiter is not going into the medical field in three to six months. 

READ BELOW THE FEDERAL POVERTY LINE FOR MOST.

How many years will it take to build back ones lost income and life?

The Great Social Divide is widening like a crack between tectonic plates during an earthquake.

15 to 50 million people in the United States are staring back from ZERO. It will take more than six months to buy any durable, let alone any non durable. 

How much is that new iPhone again?

2021 is not going to be a walk in the park for the average American. Mr. Biden has a difficult challenge going forward, as do many around the world and here in The United States of America.

Please don't call it the divided states. People are aware of the Pandemic and the tens of millions struggling, aren't they?

The Great Social Divide, The Social Bubble, by Dominic Alvieri, @AlvieriD

The Great Social Divide.

The Social Bubble.

The Bumbled Bubble.

The Total Bubble.

Dominic Alvieri, @AlvieriD

Analyst, Researcher and Tracker.