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by pooper
586 days ago
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> Can you provide any data to refute the numbers I shared? Because again, the job market is looking pretty good to me. This is why everyone hates economists.
They have zero insight into how lives are for ordinary people.
I applied for a job at grocery stores and fast food restaurants.
I did not get ONE call back from any of these places. Also another thing -- they keep saying rate of inflation is now under control.
Well guess what, the prices went up and have not come down. Wages did not keep pace with the high rate of inflation so unless you can have negative inflation somehow, there is still constant pain every day, every month. I mean it is so obvious and yet economists chase spherical cows... |
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I understand your frustration with your personal situation, but at least regarding unemployment, how else would you propose we measure it? Unless there's some flaw with the methodology or the data that was collected, your situation is very clearly not the norm. Until we identify any possible problems with the measuring process, the number that's released is the best view we have of the employment situation nationwide. Are you saying that "ordinary people" are somehow excluded from the data? Or what?
> Also another thing -- they keep saying rate of inflation is now under control. Well guess what, the prices went up and have not come down. Wages did not keep pace with the high rate of inflation so unless you can have negative inflation somehow, there is still constant pain every day, every month. I mean it is so obvious and yet economists chase spherical cows...
The rate of inflation is under control, and I realize you might know better and are just speaking for "the average person," but comments like this reflect a gross misunderstanding of the concept of inflation. This is a perfect reason why education is so important to an informed and effective electorate.
BTW, you can, in fact, have negative inflation, and it is widely considered to be bad, for a multitude of reasons. [0]
[0] https://en.wikipedia.org/wiki/Deflation