News for hackers. Stuff that matters.

A comment on Basic income in Finland did not lead to finding work, researchers said. Parent comment

Re:Basic income in Finland did not lead to finding work, res... by zafka on Friday February 08, 2019 @12:25PM (#19116497)
The US does not have full employment. The actual percentage of working age people who are employed is below peak levels. Also quite a few people are working part time.
[ Parent | on HN ]
Re:Basic income in Finland did not lead to finding work, res... by LarryDarrell on Friday February 08, 2019 @12:40PM (#19116680)
Also, the unemployment rate communicates nothing about the dignity of a job. The 45 year old former factory worker who is now fighting for hours at a retail job counts as employed. He also counts as angry, depressed and ready to burn the system down.
[ Parent | on HN ]
Re:Basic income in Finland did not lead to finding work, res... by leereeves on Friday February 08, 2019 @03:51PM (#19118548)
> The US does not have full employment.

* Citation needed.

Here's the Fed saying we are:

https://www.reuters.com/article/us-usa-fed-kaplan/feds-kapla...

[ Parent | on HN ]
Re:Basic income in Finland did not lead to finding work, res... by zafka on Friday February 08, 2019 @04:26PM (#19118845)
From a similar time frame: https://slate.com/business/2018/05/the-unemployment-rate-is-...

Just like the cost of living index, Politicians often use misleading techniques to calculate "employment rate"

[ Parent | on HN ]
Re:Basic income in Finland did not lead to finding work, res... by leereeves on Friday February 08, 2019 @04:35PM (#19118918)
Alright then, let's look at this index that article proposes:

https://fred.stlouisfed.org/series/LNS12300060

At 79.9, it's not quite record high employment, but it's close.

[ Parent | on HN ]