Re:Low unemployment isn’t worth much if the jobs barely pay
by dcolkitt on Sunday January 12, 2020 @11:33AM
(#22027162)
Financial stress explains upwards of 30% of the cross-sectional variance of life satisfaction.[1] If the hypothesis is that the US unemployed are significantly more financially stressed than the Canadian unemployed, then that would almost assuredly be reflected in differing life satisfaction scores.
[1] http://citeseerx.ist.psu.edu/viewdoc/download?doi=10.1.1.536...
Re:Low unemployment isn’t worth much if the jobs barely pay
by shkkmo on Sunday January 12, 2020 @12:03PM
(#22027358)
Again, you are conflating two different things, financial risk and financial stress.
You are also citing a study that looks at the financial stress levels of employed mental health professionals and then trying to use that to reason about the economic choices made by unemployed people.
This is not how you use data responsibly. You can't just use a 30% correlation in an unrelated dataset to justify conflating two different measures without actually doing statistical analysis to show that that there is reason to believe that that correlation not only exists in a different population, but also isn't washed out by an a other factors.
"Emotionally tolerable" is a very different thing from "financially risky". Indeed, people should be willing to tolerate temporary dissatisfaction to achieve a better long term outcome in ways that they are not willing to tolerate complete financial ruin and the potential loss of major assets that will decrease their long term outcomes.