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What do Egypt, Libya, Syria, and the USA all have in common? All have seen their govt overthrown due to mass unemployment and underemployment. Most young men believe their quality of life will be worse than their father, many can not provide for a wife or children.
Historically wars have been common when a significant percent of prime age young men are out of work. If more jobs are not created soon I think global conflict will occur.
If you think the U(S)SA is on the verge of war, look to China. They will experience a civil war before we do, and it'll be far more vicious. The trouble for them, like here, is that everyone is simply waiting for the first shots to be fired. Everyone's waiting for that proverbial straw to break the proverbial camel's back and then it's game on, to the victor go the spoils.
If you look back 20 years you'll find the number of workers who are part time for economic reasons is about the same as today, despite the labor force being significantly larger.
It is how many people have been out of work for 15 weeks. Ooops.
Umm nope, you're still wrong.
Quote:
Originally Posted by Submariner
U-6 is what we should be talking about
Then you count people who aren't actively looking for work, like someone who quit to help care for an elderly parent or return to school to finish a college degree. Why would I want to include them, when it is possible they could easily find work if they were actively looking?
Then you count people who aren't actively looking for work, like someone who quit to help care for an elderly parent or return to school to finish a college degree. Why would I want to include them, when it is possible they could easily find work if they were actively looking?
I know, I know.
The unemployed are not unemployed, they are only unemployed. Which is why we can not count all unemployed as unemployed. Because then we might be slightly honest.
We can only count some of the unemployed as being unemployed. Otherwise the unemployed number might show all of the unemployed and that would be horrible.
We all know that the unemployed are not really unemployed.
I get it.
If you wish to repeat all this, yet again. You and I may.
All those countries were fine until America decided to overthrow their governments. Libya had a pretty vast welfare system, free healthcare, free college education, tax credits to encourage people to have kids. Now they have ISIS chopping off heads. Nice work.
I know, I know. The unemployed are not unemployed, they are only unemployed.
Not having a job is not enough to make someone unemployed. My granddaughter is five. She doesn't have a job. I don't have a job either. Neither one of us is unemployed. To be unemployed, you must be at least 16 years of age, you must want to work, be available to work, and have taken some active step to look for work within the past four weeks. It's worked this way since before you wee born. And before John Williams and Tyler Durden were born as well.
No, it's not at all. Internet hooey about the sweet deal that welfare recipients have is a load of tripe. End of story.
You haven't learned the rules of the internet yet? One of the rules is that you can't end a story by saying "end of story". Stories on the internet go on and on. The best you can do is drop out.
And you have the same problem discussing "sweet deals" that you have discussing luxury vs poverty. Both depend on how you define the words. There is no clear definition of what deals are sweet and what deals are semi-sweet, and no clear definition of where you draw the line between poverty and luxury. Middle of story.
No matter where they exist, fables and fairy tales are supposed to end when they butt heads with the plain and simple facts of the real world. We do have other words to describe those who refuse to allow that process to play out. Even on-line dictionaries make plain enough the definitions of those words, while also doing a more than adequate job of establishing the difference between luxury and poverty for the purposes of this discussion and others like it.
Not having a job is not enough to make someone unemployed. My granddaughter is five. She doesn't have a job. I don't have a job either. Neither one of us is unemployed. To be unemployed, you must be at least 16 years of age, you must want to work, be available to work, and have taken some active step to look for work within the past four weeks. It's worked this way since before you wee born. And before John Williams and Tyler Durden were born as well.
Awesome. People's lack of understating on unemployment is amazing
The unemployed are not unemployed, they are only unemployed. Which is why we can not count all unemployed as unemployed. Because then we might be slightly honest.
We can only count some of the unemployed as being unemployed. Otherwise the unemployed number might show all of the unemployed and that would be horrible.
We all know that the unemployed are not really unemployed.
I get it.
The hilarious thing is how often you say things like "I know" and "I get it" when you clearly don't. BLS clearly publishes what rules are used to count or not count people yet there are still people like you who come rolling into threads just making stuff up as they go along.
U-3 and U-6 measure different things, neither is wrong or fudged. If someone quit their job six months ago to go back to school and is not actively looking for work then U-3 doesn't count them as unemployed, nor should it. It is possible that person could easily find a job if they wanted to, but they are not looking. U-6 is interested in that person, since they are marginally attached.
Last edited by toosie; 11-19-2016 at 08:17 AM..
Reason: Deleted futile challenge
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