3 ms·
unemployment calculated how? As I understand it, we measure based on how many people are looking for work and have it. So if our social safety nets (retiremen
by ergothus 10y ago
unemployment calculated how? As I understand it, we measure based on how many people are looking for work and have it.
So if our social safety nets (retirement) and cultural expectations have kept pace with people being employed less, (be it in hours/day, hours/week, or just what years you'll be working), I'd expect unemployment numbers to not show the effects of technological unemployment.
Of course, it's too simplistic to just assert what I have and ignore forces on the other side (for example, dual income households are now the norm). That is, however, my point: Looking at the unemployment numbers is a poor measure of any effects upon people's ability to work as it has so much else lumped in there.