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A comment on Private sector lost 33k jobs, badly missing expectations of 100k increase. Parent comment

Re:Private sector lost 33k jobs, badly missing expectations ... by nradov on Wednesday July 02, 2025 @05:53PM (#44449246)
One thing I remember from the first Dot-com crash circa 2002 is that the service quality in Silicon Valley area restaurants suddenly got a lot better. There were a lot of former "HTML programmers" forced to find other jobs.
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Re:Private sector lost 33k jobs, badly missing expectations ... by SR2Z on Thursday July 03, 2025 @01:11AM (#44451823)
Right - if you ask a heart surgeon to wait tables they'll probably do a great job!

But it's still a waste of their talents and society as a whole will be worse off than if they did heart surgery. You can measure that because a waiter makes minimum wage and a heart surgeon does not - the heart surgeon contributes more to the GDP than a food service worker.

That's the meaning of that metric and that's why it's useful.

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