Part 9/12:
Moreover, unemployment projections suggest a worsening labor market, with the jobless rate expected to hover around 6% in coming years. The adverse effects of automation and artificial intelligence on employment—especially in sectors like manufacturing and retail—compound the economic challenges.
A State in Decline or Just a Phase?
While some forecasts indicate modest economic recovery by 2027, the overall picture remains bleak: high inflation, rising energy costs, sluggish employment growth, and a growing underclass. The recent legislative moves appear to be band-aids on a system hemorrhaging economic vitality.