Earlier quoted context omitted.
https://news.ycombinator.com/item?id=16441707
Are there instances where these warnings are private or later deleted? I find it a little unsettling that on some of these I cannot find any such warnings or replies.
America’s unemployed are sending a message: Safety and compensation matter
61–62 of 62 posts
Re: America’s unemployed are sending a message: Safety and compensation matter
#62Earlier quoted context omitted.
Came here to say this. Unemployment numbers are such a joke of a statistic in a situation where unprecedented numbers of young adults left the workforce entirely in two subsequent recessions and we just don't count them
I don't think it's a joke, basically all statistics are useless in isolation. While it's true unemployment doesn't paint the whole picture, I see a declining labor participation rate as mostly a good thing. It implies families with one working parent, people living longing in retirement and more people going to school. If we tried to maximize for labor participation rate like we do unemployment rate, it would be a ve…
I'm skeptical that trying to minimize unemployment, let alone maximize labor force participation, is a good thing for the government to devote resources to do. Optimizers tend to take shortcuts that don't accomplish the real desired goal and have seriously undesirable side-effects, and we see that play out in the unemployment situation as well as others, like standardized tests in schooling, when the government tries to be one. However, even in basic fact-reporting, I think the unemployment statistic is a joke. It's been so overtuned to functioning as a means-testing mechanism for a welfare program that it doesn't actually give anyone not interested in that very useful information