aunt betty wrote:
83.67 % of statistics are just made up bs.
83.67 % of people citing statistics are doing so simply to spread their BS.
Statistics have great value, IF, the ever giant IF, you are serious about understanding what they mean and more importantly what they do NOT mean. Most statistics can "improve" when things are moving in the wrong direction or the other way around.
The Ux (whatever the most commonly cited measure of unemployement) can be written as (Adult population - Adult population working - Adult population not looking for work) / (Adult population - Adult population not looking for work) or something close to that.
So there are three ways to get a lower number, which is usually considered better. 1. A smaller adult population, 2. more adults not looking for work, 3. more adults working. Only one of these 3 is actually a positive thing and the other two are arguably negative. Also it neglects hours worked, which can also give misleading results.
This has fallen since the housing bubble burst largely because the people not looking for work has grown as a fraction of the population. This is not a recovery. This is a move toward economic lethargy.
aunt betty wrote:The right way to measure employment would be to measure the tax dollars collected out of everyone's paycheck.
So one person paying $1,000,000 in taxes counts the same as 100 people pay $10,000 in taxes
and all the people that are working but pay no taxes because of our silly complex system do not count at all
That's a terrible measure, sorry.
All statistics are flawed. All of them. The real problem we have is that we cannot trust the numbers. If the numbers that go into calculating the statistics are made up, they are garbage. Statisticians are scientists, but so are climatologists and too many of them look like political hacks and do not defend the integrity of their profession over the bidding of politicians and their political desires.
Stupid people can cause problems, but it usually takes brilliant people to create a real catastrophe. Thomas Sowell