351–360 of 366 posts
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> it's a pretty good measure of average economic health Median economic health strikes me as far more interesting than mean. I don't really care how well rich people are doing.
Perhaps, but until there is a way of measuring that, GDP/person wins by existing.
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Why assume conspiracy, when the reason is known?
What do you think the "reason" is? Several other comments have made self-contradictory claims. NEVER has it consistently over-estimated jobs as it has, in the history of reporting. Look, yet another stellar jobs report from the B of L today, completely at odds with the actual metrics of the ADP report. CNN reports it as "The US economy added a stronger-than-expected 147,000 jobs in June and the unemployment rate fell…
We really need better ways of measuring economic health. I could lose my six-figure job, turn around, and get hired on as a server at Applebee's for minimum wage, and the "unemployment" rate would stay the same. Not to mention that it doesn't include those not actively looking for work. Either way, "full employment" doesn't mean much unless you take into account whether people are actually able to live a stable lifes…
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You could argue household debt is just another form of rent, where you “rent” capital from the wealthy in exchange for paying interest on a monthly basis. Just because you don’t pay a rent directly named as such doesn’t change the substance of it.
It's a very different form of rent though, namely because the mortgage borrower has a lot of collateralized debt and the mortgage borrower owns the appreciation (or depreciation) of the property (proportional to their equity).
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Active aggression is looked down upon in this forum
How about no aggression at all.
I, personally, care about things and are willing to passionately defend them, which is synonymous with aggression
I used to have multiple recruiters reach out to me daily on LinkedIn regarding software engineering positions. And this was for multiple years. That hasn't been the case for the last 3 or 4 months. None of this surprises me and it shouldn't for others.
It's crazy hot now in semiconductors. Anyone with couple of years experience is approached by recruiters daily.
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It's crazy hot now in semiconductors. Anyone with couple of years experience is approached by recruiters daily.
Is experience in electronics enough to work in that?
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We have good metrics. The problem is the media seems to only ever look at one of them at a time but we need to look at several at once to get a more complete picture. Your scenario would be called out by median household income, or better median disposable household income. Even the good old GDP per capita covers your case. Workforce participation also can be valuable instead of or in addition to unemployment numbers…
> Even the good old GDP per capita covers your case. I think the following joke encapsulates the problem with GDP pretty well.. --- Two economists go for a walk in the forest, and having a competitive nature, the first economist sees a pile of bear shit and says to the second "I'll give you $100 to eat that bear shit". The second economist, being one that generally does anything for money, eats the bear shit, takes t…
The fact is, those economists valued watching someone eating shit at $100 dollars. How is that any different than someone paying $100 dollars to watch a concert?
It perfectly illustrates the idea that value is in the eye of the beholder.