There's no way the "true rate of unemployment" has been declining since 1995.
The True Rate of Unemployment
91–94 of 94 posts
Re: The True Rate of Unemployment
#92Earlier quoted context omitted.
Social status is not about deciding with whom to allocate your time, and people don't generally choose how they allocate time based on how many hours of labor someone else does nor do most people labor to get other people to allocate more time with them. Indeed, people generally spend time apart from the people they want to allocate their time to in order to labor.
>Indeed, people generally spend time apart from the people they want to allocate their time to in order to labor. Only because they cannot get everything they need from the people they want to spend time with, so they have to trade outside that group. This game begins all the way when kids are deciding who to sit next to at lunch in elementary school. It’s a simple fact that time and attention are limited, so there h…
If you were laboring to buy a seat next to someone at lunch, you had a very messed up childhood.
Again, that is not what the term social status refers to, nor is it the goal of most people's labor, nor is it something that would logically be acquired by labor.
Your breastfeeding toddler does not wish to monopolize your partner's time because of her high social status which was elevated by her labor; he wants a secure source of food. Children will probably always want their mothers, but in a post scarcity world no one needs to worry about where their next meal is coming from.
Re: The True Rate of Unemployment
#93Earlier quoted context omitted.
So you are arguing that there is increasing mobility? Or do you argue that people are bouncing between jobs with lower wage growth and higher wage growth, so the bottom 25% of wages are getting worse and worse, yet they are only temporary? It seems pretty clear that 25% of earners experience no growth or negative growth YoY while 25% of earners see wage growth that outpaces inflation. Unless they are swapping places…
Are you sure that this chart shows bottom 25% of wages and not the bottom 25% of wage change? They provide this definition: Wage Growth Tracker is a measure of the nominal wage growth of individuals. It is constructed using microdata from the Current Population Survey (CPS), and is the median percent change in the hourly wage of individuals observed 12 months apart. Chart 1 plots the time series of the median, along…
I think you’re totally right. My big mistake facepalm
Still trying to make time to play with the data myself but I suspect it won’t really contain the information I want.
Re: The True Rate of Unemployment
#94Earlier quoted context omitted.
Then why are saying they're measuring "unemployment" when they're actually measuring underemployment? Words mean things and they're choosing the wrong words specifically in order to mislead. Also, tracking poverty is more meaningful than tracking underemployment. There are millions of stay at home parents in this country who would qualify as underemployed, but who aren't in poverty because their spouse or possibly ot…
It's sort of like how if you do not have a job and stop looking suddenly according to the data you're employed again.
No you're not. It means you're removed from both the numerator and the denominator. By no means does it mean you count as employed; that would be silly.