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Old 05-04-2022, 02:15 PM
 
9,536 posts, read 4,362,414 times
Reputation: 10630

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This thread is a classic example of "How to announce you know nothing about economics" without saying "I know nothing about economics".
Reality has been explained to the OP ad nauseam, and they still don't get it. It worries me that people like this are allowed to vote.
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Old 05-04-2022, 02:18 PM
 
9,536 posts, read 4,362,414 times
Reputation: 10630
Quote:
Originally Posted by Sunbiz1 View Post
Yet it doesn't matter, as those higher salaries are merely off-set by inflation; which is created by higher salaries.
And people wonder why I call this country a broken Ponzi scheme.
You clearly haven't bought into the widely-held Democrat belief that there's a magic money tree which allows employees to be paid increasingly larger amounts with no corresponding increase in end user prices. I'm sure 007 will continue to educate us on the "bottomless money jar" theory of economics.
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Old 05-04-2022, 02:20 PM
 
Location: USA
18,505 posts, read 9,183,958 times
Reputation: 8536
Quote:
Originally Posted by TMSRetired View Post
Well the BLS has stopped counting people so of course "unemployment" would be down because there are millions not being counted anymore.

The employment participation rate has gone down....now at 62%. The rest...why they must be financially independent.
In other words, the unemployment rate is a valid statistic only when a Republican is president.

Since the current unemployment rate doesn’t hurt Joe Biden enough, we have to switch to the labor participation rate.
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Old 05-04-2022, 02:22 PM
 
11,411 posts, read 7,822,744 times
Reputation: 21923
Quote:
Originally Posted by erieguy View Post
Shutting it down has had huge consequences. Many retiring early, and due to the fearmongering, many say they’re scared of the virus and aren’t going back to work. https://www.businessinsider.com/jobs...ars-2022-4?amp

https://www.cbsnews.com/amp/news/ret...abor-shortage/

Early retirement plus folks scared to come back accounts for over 5.6M people.
Wait. Some younger folks were clamoring for older folks to retired and just get out of the way so they could snap up those good paying jobs. Seems like older folks can’t win. Either they work and are “stealing” jobs from younger people or they retire and are causing jobs to go unfilled. Geez.
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Old 05-04-2022, 02:23 PM
 
Location: Kansas City, MISSOURI
20,884 posts, read 9,576,254 times
Reputation: 15610
Quote:
Originally Posted by YourWakeUpCall View Post
This thread is a classic example of "How to announce you know nothing about economics" without saying "I know nothing about economics".
Reality has been explained to the OP ad nauseam, and they still don't get it. It worries me that people like this are allowed to vote.
No, it is you who aren't paying attention to reality and know nothing about economics or economic statistics.

-- The reality is, is that job openings are soaring. That is a fact. That is, employers want A LOT more employees than they currently have.
-- The only reason why employers would want A LOT more employees than they have, is because they have A LOT more business than their existing employees can handle.
-- And the only reason why employers have A LOT more business than their existing employees can handle is because the economy has been booming.

The really funny thing is, while Trump was president, the Trump fans here were shouting about this exact same phenomenon at the top of their lungs. But now that Trump is no longer president and a hated democrat is, all of a sudden the exact same phenomenon Trump fans thought was great while Trump was president, is suddenly now a horrible development!
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Old 05-04-2022, 02:24 PM
 
9,536 posts, read 4,362,414 times
Reputation: 10630
Quote:
Originally Posted by Freak80 View Post
In other words, the unemployment rate is a valid statistic only when a Republican is president.

Since the current unemployment rate doesn’t hurt Joe Biden enough, we have to switch to the labor participation rate.
The unemployment rate as a discrete data point has never been indicative of a healthy economy. Nor is any other discrete data point. 007, is that you?
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Old 05-04-2022, 02:26 PM
 
9,536 posts, read 4,362,414 times
Reputation: 10630
Quote:
Originally Posted by James Bond 007 View Post
No, it is you who aren't paying attention to reality and know nothing about economics or economic statistics.

-- The reality is, is that job openings are soaring. That is a fact. That is, employers want A LOT more employees than they currently have.
-- The only reason why employers would want A LOT more employees than they have, is because they have A LOT more business than their existing employees can handle.
-- And the only reason why employers have A LOT more business than their existing employees can handle is because the economy has been booming.

The really funny thing is, while Trump was president, the Trump fans here were shouting about this exact same phenomenon at the top of their lungs. But now that Trump is no longer president and a hated democrat is, all of a sudden the exact same phenomenon Trump fans thought was great while Trump was president, is suddenly now a horrible development!
Try to follow along sport. We all agree unemployment numbers are very low, so you can stop yapping about it and actually address what everyone is trying to tell you. Jeebus.
The Dunning-Kruger effect is real.
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Old 05-04-2022, 02:26 PM
 
45,250 posts, read 26,498,346 times
Reputation: 25006
EL OH EL @ the OP
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Old 05-04-2022, 02:27 PM
 
Location: Kansas City, MISSOURI
20,884 posts, read 9,576,254 times
Reputation: 15610
Quote:
Originally Posted by YourWakeUpCall View Post
Try to follow along sport. We all agree unemployment numbers are very low, so you can stop yapping about it and actually address what everyone is trying to tell you. Jeebus.
The only thing people here are trying to tell me is, the same phenomenon that was great when Trump was president is suddenly bad now that Biden is president.
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Old 05-04-2022, 02:35 PM
sub
 
Location: ^##
4,963 posts, read 3,774,233 times
Reputation: 7831
Quote:
Originally Posted by James Bond 007 View Post
No, it is you who aren't paying attention to reality and know nothing about economics or economic statistics.

-- The reality is, is that job openings are soaring. That is a fact. That is, employers want A LOT more employees than they currently have.
-- The only reason why employers would want A LOT more employees than they have, is because they have A LOT more business than their existing employees can handle.
-- And the only reason why employers have A LOT more business than their existing employees can handle is because the economy has been booming.

The really funny thing is, while Trump was president, the Trump fans here were shouting about this exact same phenomenon at the top of their lungs. But now that Trump is no longer president and a hated democrat is, all of a sudden the exact same phenomenon Trump fans thought was great while Trump was president, is suddenly now a horrible development!
Difference is, inflation wasn't a thing under Trump.

Difference is, we are still trying to recover from the draconian shutdowns, and then resuming where we left off.

Now, we have runaway inflation and more and more economists are predicting a recession sooner rather than later. Already, the GDP was in the negative last quarter.

It's not looking good to anyone who's paying attention.
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