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Right, but the point is that not only does this metric not tell the whole story, but that it tells the WRONG story. Unemployment isn't a useful metric anymore.
by wheelerwj 7y ago
Right, but the point is that not only does this metric not tell the whole story, but that it tells the WRONG story.
Unemployment isn't a useful metric anymore.
- weberc2 7y agoPerhaps, but your rationale (“it’s not meaningful if jobs pay half of what they used to”) supports my interpretation (“not the whole story”), not your thesis (“WRONG story”). Correct me if I missed something; haven’t had my coffee yet.