As would be expected, the stock market plunged at the beginning of the coronavirus crisis in the United States.
Starting in the 1980s, they were eliminating workers and their costs, a good thing only for their stock prices and their shareholders—but not good for the economy.
Dutifully and daily, television news tells us about the stock market as if it is related to the economy, when it is only relevant for people with stocks.
Last year much ado was made about the unemployment rate among African Americans falling to 5.5 percent for the first time.
By not being more forthcoming about the real meaning of some issues—e.g., the stock market and the unemployment rate—we are causing some people to ignore all our statistics.
