Link to the original article:
Except it isn’t because in context it is clear we are talking about the USA and the current day so NBER is the appropriate source and Im not being pedantic you just seem to be having troubles following the conversation and/or want to get involved in tangents.
As we cannot in any meaningful way determine when a recession is happening based on anecdotal experience it doesn’t mean anything what individuals experience.
Recessions are specific instances and when you can easily get not just a job but one that pays more we are not in the conditions of a recession.
The original claim was that “they” changed the definition of recession. You are the one who is insisting that “they”= “we are talking about the USA and the current day”
They could imply the capitalist, the ruling class, the government, or even an organization like the NBER. Unless you are claiming that how we determine if a recession has occurred has remained unchanged throughout the history of capitalism, then your claim was a semantic dispute. If you are claiming that then you are just incorrect.
The article this whole thread is about discusses the chances for a recession in AMERICA, so Im not the only one saying they=American.
This isn’t semantics. You have not been paying any attention to the subject at hand. Might I suggest you look at the title of the linked article?
The article this whole thread is about discusses the chances for a recession in AMERICA, so Im not the only one saying they=American.
Right… But “they” doesn’t imply a specific entity, nor does it specify a time.
The way we define a recession in America has changed over time, we only started utilizing the NBER for this in the 1960s.
