Re:Forced Labor in Malaysia's Electronics Industry
by CJefferson on Sunday July 01, 2018 @05:30PM
(#17437724)
While I'd love that to be true, economist's predictions don't have a good track record. Is there any good examples we can use to give evidence of thus massive claim?
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Re:Forced Labor in Malaysia's Electronics Industry
by voidmain on Sunday July 01, 2018 @05:44PM
(#17437796)
It's not exactly hard to find anecdotal evidence. For example, Haitian households living in the US had a 2015 median income of $47,200. I don't know exactly how to translate this into per capita terms, but Haiti has a per capita GDP of something like $730. I'm sure that these groups of people are not perfectly comparable in every way, but it's certainly suggestive that people can make a better life for themselves here than in Haiti. How do you think you would fare in Haiti?
If you want a more rigorous extrapolation, which tries to account for confounding factors and isn't limited to one pair of countries... you are going to have to look at the research (of economists).
Re:Forced Labor in Malaysia's Electronics Industry
by throwawaymath on Sunday July 01, 2018 @05:42PM
(#17437787)
Why do you believe economists' predictions don't have a good track record?
Re:Forced Labor in Malaysia's Electronics Industry
by ionised on Monday July 02, 2018 @07:21AM
(#17440740)
Maybe because of their track record?
Re:Forced Labor in Malaysia's Electronics Industry
by throwawaymath on Monday July 02, 2018 @07:22AM
(#17440749)
Can you share any examples?
Re:Forced Labor in Malaysia's Electronics Industry
by CJefferson on Monday July 02, 2018 @08:15AM
(#17440991)
Well, the inability to predict recessions, or the general moves of the economy for a start.
Re:Forced Labor in Malaysia's Electronics Industry
by throwawaymath on Monday July 02, 2018 @02:41PM
(#17444314)
That seems a little shortsighted. Do you also think climatologists and meteorologists are charlatans because they can't predict hurricanes or blizzards more than weeks in advance?
You'll have to do better than that, because the majority of economic literature does not attempt to forecast movements, it attempts to model them and understand them. The "track record" you speak of is not actually the track record of economics, it's just a meme armchair economists like to repeat (generally without a non-snarky defense of their point).