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Nonsense. We can and do downgrade folks from better to worse employment all the time, even moreso during this administration! Can't have the plebes unionizing or getting more compensation.
U.S. economy lost 23,000 jobs in July, a sudden reversal
321–330 of 377 posts
Re: U.S. economy lost 23,000 jobs in July, a sudden reversal
#322Re: U.S. economy lost 23,000 jobs in July, a sudden reversal
#323Earlier quoted context omitted.
no they didnt
you're still wrong > Superintendent Peter Licata acknowledged that the takeover and instructional changes played a role in some educators’ decisions to leave the district. > ...But he said he believes employees watched the transformation of Houston ISD under state control and grew wary as Fort Worth introduced standardized lessons and reorganized schools and departments.
Re: U.S. economy lost 23,000 jobs in July, a sudden reversal
#324Re: U.S. economy lost 23,000 jobs in July, a sudden reversal
#325As a data scientist it is very frustrating to see a consistent lack of error bars on these numbers or any discussion about the magnitude of uncertainty around them by all news reports every time these numbers get released
This should have nothing to do with data science but basic math literacy. Quantities without context are meaningless. Reporters should know better but if when headlines have to catchy day in day out … shrugs. Stock market reporters are the worst: a 1000 point drop in the Dow meant a lot more when it was 7000 than it does at 40,000.
Or not providing inflation adjusted values when referring to historical financial reference points.
I have to go find a happy place now
Re: U.S. economy lost 23,000 jobs in July, a sudden reversal
#326Earlier quoted context omitted.
So perhaps we'll never get to a better healthcare+insurance market (nee "Free") through government, but eventually we will just all work in healthcare, and barter our nursing and dental skills in secret away from the insurance coders.
There will never be a better healthcare because the true cost of fixing a body more often than not far exceeds the value that body produces. People run to dismiss this with "well we need a different system then", but the problem is a fundamental one on par with "eating your cake and having it too". The only way to get as close as possible to "good" healthcare is to have enough money to pay for everything out of pocke…
Re: U.S. economy lost 23,000 jobs in July, a sudden reversal
#327Earlier quoted context omitted.
What decisions are so important and time sensitive they depend on these numbers right after a month is over? And also we at one point were making decisions without these numbers yet the quality of the decision making isn’t clearly improved.
"What kind of stocks should my mutual fund invest in?" "What sort of startups should I fund?" "Should my business aggressively hire this quarter anticipating growth, or hold out for a possible recession?"
As for businesses hiring, they should hire based on their own growth. Using an external signal that itself gets adjusted drastically is similarly problematic; I don’t hire because I think no one else is hiring and the numbers get majorly adjusted up. Similarly I hire a bunch of people and it turns out no one else hired.
No one benefits from faster numbers that are majorly shifted in a few months anyway. You wouldn’t make any different decision if no one had the numbers. The only thing you’re doing differently is when the numbers come out your gambling whether or not you think the true number will be revised in some major way in a few months. That’s not helpful for the economy writ large.
Re: U.S. economy lost 23,000 jobs in July, a sudden reversal
#328Earlier quoted context omitted.
It’s actually better to be average Western European than white and top 1-5% American: https://jamanetwork.com/journals/jamainternalmedicine/fullar...
To be fair, the structure of that study is pretty bizarre. Why only look at 6 specific illnesses rather than something like life expectancy?
Re: U.S. economy lost 23,000 jobs in July, a sudden reversal
#329I love how this is immediately used as an excuse to reinflate the AI bubble. Silicon Valley and Wall Street are just begging for backlash.
Higher unemployment makes it harder to raise interest rates.
Re: U.S. economy lost 23,000 jobs in July, a sudden reversal
#330Earlier quoted context omitted.
Singapore has severe consequences for executives who violate the public trust. That makes it hard for sociopaths to rig the system for the elites.
Maybe. Though Americans are free to vote for politicians who make similar laws, too.