Intuitively, it makes sense: consume more stuff = less stuff to consume. But its kinda like comparing the credit and finances of a single household to the credit and finances of an entire nation. Its an insidious little slight of hand, that tricks people up because its legit just really hard to conceive of national industry.

That’s why I like the groceries example, because it’s just as obvious. Connecting wages to unemployment is kinda tricky still, but like we just went through covid-inflation so maybe that helps connect the dots