Re:America's True Unemployment Rate
by JoeAltmaier on Tuesday October 20, 2020 @10:11AM
(#24837482)
Throws the ordinary unemployment rate into the category of 'false', which I agree with. To class 'any job' as employment is unhelpful and greatly misleading.
I'd prefer a measure of total working class income perhaps, maybe a ratio with cost of living. Then we'd know what all these jobs add up to exactly. Counting heads is hardly a 'true' rate of employment.
I'd prefer a measure of total working class income perhaps, maybe a ratio with cost of living. Then we'd know what all these jobs add up to exactly. Counting heads is hardly a 'true' rate of employment.