...or don't mean what they used to mean.
Income Mobility - When people talk about income mobility being less than it used to, it is misleading information. The assumption is that income mobility means the same thing every year, and in every country, but that's not true. You can go from poor to middle class in two different countries, but be much better off in one country than the other. However, if you just looked at income mobility, you would draw the conclusion that both situations were the same. Fight the lies!
Unemployment - Unemployment figures don't work anymore. They don't mean the same thing they used to. Anytime we talk about unemployment now, we assume it means the same as it did 4, 8, 12 years ago, but it doesn't. For most of the relevant past, unemployment has meant the same thing. 5% unemployed, with another 3% underemployed or marginally attached. However, now we have 8% unemployed, with another 7% underemployed or marginally attached. When official unemployment figures are given now, you have to add 4% to have it mean the same thing as what it did under Bush and Clinton. Fight the lies!
See the first post. Misleading information qualifies as lies in my book.
If our unemployment rate were down to 4% right now, people would think we were doing better than we were 6ish years ago.. but it wouldn't be true. 4% today would be the same as 8% in 2006.
Right. We can never be how we were in 2006 because the overall conditions of the economy and country have been irrevocably altered as of 2008.
Where did your 4% adjustment come from?
Two sides look at the same set of numbers or statistics and spin them in opposite directions. If you haven't read it, check out "How to Lie with Statistics." It's a classics!
Case in point: 47% of Americans don't pay taxes!
Shocking, isn't it?
Until you look at who comprise that number.
The 4% adjustment comes from people who want to work, but are no longer looking, because the job situation is too bad. Also the increase in the number of unemployed people who ran out of benefits. Labor force participation rate.
It had been an extra 3% in the past, and quite consistent. Since the housing crash though, it's been 7%.
by Eugene Hardy4 years ago
Specifically, you have run out of benefits and you still can not find a job?
by Jim Hunter5 years ago
Thats ridiculous, if you can't find a job in your area in three years then move to where the jobs are. Unemployment is beginning to be a career for some people.
by fishskinfreak20086 years ago
http://news.yahoo.com/s/nm/20100129/bs_ … sa_economyThe question as always is: can this level of growth be SUSTAINED?
by Holle Abee5 years ago
Four Democrats and Lieberman voted with the Republicans. I have mixed feelings about this, according to the research I've done. It seems that "economy experts" are split on their views. Some argue that...
by mio cid4 years ago
It has been reported by The Politico that Paul Ryan refers to his running mate as "The Stench" behind closed doors.He has reportedly told staff,if "The Stench" calls tell him I'm having...
by leeberttea6 years ago
http://finance.yahoo.com/career-work/ar … employmentThis is interesting, in spite of high unemployment some firms are having trouble hiring! One of the reasons sited in this article is extended unemployment...
Copyright © 2016 HubPages Inc. and respective owners.
Other product and company names shown may be trademarks of their respective owners.
HubPages® is a registered Service Mark of HubPages, Inc.
HubPages and Hubbers (authors) may earn revenue on this page based on affiliate relationships and advertisements with partners including Amazon, Google, and others.