I love it when weather gets mistaken for climate.
https://voxeu.org/article/stable-gen...ect-us-economy
Similiar mistakes were made with regard to sinking unemployment rates. The government counted just the total number of employed, and gave just that number. Whether employed people could make a living of their job, not to mention: form reserves to have saving they could live of when they grew old - that was totally ignored. And like in Germany, the US numbers on unemployment suddenly did not look all that great again when these longterm social effects got factored in. The so-called "working poor" have increased. Its getting worse. In Germany as well, btw, same phenomenon here.