Jump to content
House Price Crash Forum
Sign in to follow this  
interestrateripoff

Unemployment Figures Garbage In Garbage Out

Recommended Posts

Shouldn't higher employment be viewed as a failure of productivity anyway?

In a highly developed economy at the cutting edge of technology less jobs is what you want to see, as those in work become more productive.

This notion that the more bodies you have working in the economy the better off the country is seems a bit 19th century to me.

Share this post


Link to post
Share on other sites

Shouldn't higher employment be viewed as a failure of productivity anyway?

In a highly developed economy at the cutting edge of technology less jobs is what you want to see, as those in work become more productive.

This notion that the more bodies you have working in the economy the better off the country is seems a bit 19th century to me.

I've often thought the same.

I'd have thought one of the main objects of progress was to get people off the treadmill rather than getting more people on to the treadmill. But then I'm not a member of the controlling elite.

Share this post


Link to post
Share on other sites

In the past the vision of the future was always a 'leisure society.' advancements meaning less work and more time to enjoy life. To achieve this idyll productivity gains must mean lower costs of living, and fairness in the sharing of those gains.

The reality had been enslavement and ever greater charges on living.

How did the latter happen and not the former? Why must we be 'hardworking?' Why should we need top-ups just to get by?

Some might think freeing the people is not a good idea - not enough money in it.

Share this post


Link to post
Share on other sites

I used to read a lot of dystopian sci- fi as a kid- some of it is now starting to look like documentary- Philip Dick was the most insightful- he realized that while technology would develop and evolve, humans would remain the same monkey brained morons they always were.

Any species smart enough to dream up- and then actually build- weapons of mass destruction is a walking contradiction anyway- why would any species that clever be that stupid?

Share this post


Link to post
Share on other sites
It is very hard to work out what is going on in the UK labour market because the quality of the statistics is basically junk, says David Blanchflower
It's OK Britain isn't working any more it's all just debt.

Is this finally the conversion of the last **** to ramp a bubble?

I had a row with Blanchflower on Twitter a while back.

Would he be so gobby if he was part of Browns wrecking crew in power now?

I totally agree with him though...

Share this post


Link to post
Share on other sites

The figures are indeed garbage in garbage out - but his criticisms are tinkering around the edges. He seems to be implying that although the official figures are garbage they aren't that far out.

No - the effective real unemployment figures are almost an order of magnitude higher than the single figures unemployment rate he's describing.

Edited by billybong

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • The Prime Minister stated that there were three Brexit options available to the UK:   209 members have voted

    1. 1. Which of the Prime Minister's options would you choose?


      • Leave with the negotiated deal
      • Remain
      • Leave with no deal

    Please sign in or register to vote in this poll. View topic


×

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.