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mrtksntoday at 2:40 PM1 replyview on HN

US economy is robust, the problem is that people don’t have the same safety nets when out of work.

No job means no healthcare or reduced coverage for many people for example, so it is a bigger deal to have unemployment.

Which means a Finnish or Spanish level unemployment would be much more catastrophic, however anyone expecting the demise of USA will have to keep waiting as the country is very rich and developed and as a result they will re-group and be fine - eventually.


Replies

margalabargalatoday at 4:02 PM

The worst case for the US is a USSR style splintering. Many of the individual constituent states may come out the other end fine or better with time, but that doesn't make "the US" fine.