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Most of those 10,000 are not tech employees. They are in low-value-add positions that do not meaningfully contribute to GDP such as HR, tax accounting, facilities management, property management, shipping & receiving, IT help desks, corporate training, campus recruiting, investor relations, etc., etc.
Actual tech workers who lose their jobs just pull in to a different driveway and get an offer from another company the next day.
So you think the thousands of people involved compiling and producing those numbers are seeing them altered and not saying anything .
Not quite the case.
I would say that fits in with all the other conspiracy theories.
You see pretty much the same numbers in other countries
No, they have redefined what goods and services are calculated into CPI, much like how they redefined that we're not in a recession despite two quarters of negative GDP growth.
No, they have redefined what goods and services are calculated into CPI, much like how they redefined that we're not in a recession despite two quarters of negative GDP growth.
You need more economic classes …
Two quarters of negative gdp has never been the sole criteria for determining a recession
Study the changes in the cpi and the why and you will see it was for the better
Two quarters of negative gdp has never been the sole criteria for determining a recession
Study the changes in the cpi and the why and you will see it was for the better
https://www.investopedia.com/terms/r/recession.asp
It is a common rule of thumb that it is 2 quarters, and that has never changed in the 15 years since I've taken economics. Why now? Because they are in deep doodoo that they cannot fix and need to placate the masses.
I don't care about the reasons for changing the metrics behind CPI. I just need to know that it changed, which alters the the inflation number to make it look lower than it is when calculating inflation with the old methodology.
Last edited by bluesclues5; 01-23-2023 at 11:30 AM..
If the masses are so upset, why wasn't the election in 2022 a wipeout?
We are definitely having inflation and it has proceeded more quickly and persistently than many expected, but the econony overall is pretty good. If you want a job, you just go get one wherever you want and can start today, paying minimum like 19 an hour. Best job market of my lifetime without a doubt.
https://www.investopedia.com/terms/r/recession.asp
It is a common rule of thumb that it is 2 quarters, and that has never changed in the 15 years since I've taken economics. Why now? Because they are in deep doodoo that they cannot fix and need to placate the masses.
I don't care about the reasons for changing the metrics behind CPI. I just need to know that it changed, which alters the the inflation number to make it look lower than it is when calculating inflation with the old methodology.
It isn’t the actual way it works. Google it. It never has been just 2 quarters
The NBER's definition of a recession takes into account monthly indicators like employment, personal income, and industrial production along with quarterly GDP growth, and two consecutive quarters of negative GDP growth often, but not always, correspond with an official recession.)
We have never been in a recession with practically full employment
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Quote:
Originally Posted by bluesclues5
https://www.investopedia.com/terms/r/recession.asp
It is a common rule of thumb that it is 2 quarters, and that has never changed in the 15 years since I've taken economics. Why now? Because they are in deep doodoo that they cannot fix and need to placate the masses. .
A general rule of thumb, only. It much more complex than that, and has been determine by the NBER's Business Cycle Dating Committee for as long as I've been alive. It hasn't changed.
https://www.investopedia.com/terms/r/recession.asp
It is a common rule of thumb that it is 2 quarters, and that has never changed in the 15 years since I've taken economics. Why now? Because they are in deep doodoo that they cannot fix and need to placate the masses.
I don't care about the reasons for changing the metrics behind CPI. I just need to know that it changed, which alters the the inflation number to make it look lower than it is when calculating inflation with the old methodology.
1. If you were taught in an economics class 15 years ago that 2 consecutive quarters showing decreasing rates of GDP growth = an official recession you should request a refund. Rules of thumb aren't official, rules of thumb taught in an econ. class would be labeled as much.
2. CPI calculations were majorly overhauled decades ago in the main because old CPI measures OVERSTATED inflation badly by ignoring that rational actors change buying habits against changing cost horizons.
3. The NBER has been calling business cycles officially since the 1960s and unofficially since the 1930s.
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