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There's a good perpetual market for people peddling secret shocking truths that the powers don't want you to know, and everything is secretly much worse than yo
by em500 6y ago
There's a good perpetual market for people peddling secret shocking truths that the powers don't want you to know, and everything is secretly much worse than you thought, about pretty much everything, AKA conspiracy theories.
Economic conspiracy stories tend to be somewhat less outrageous than those about vaccines or Bill Gates, so the same people who point and laugh at people who believe the later could easily believe stuff from shadowstats, conspiracies around the Private Ownership of the Federal Reserve, or the perpetual unemployment-is-actually-super-high.
The mundane Truth About Unemployment is that the current measures are relatively easy to measure in standard way without too much subjectivity (they just ask a bunch of people if they're available for work and looking for work, but couldn't find any). The official docs are pretty clear about what they measure, but they're pretty dry and don't make for good clickbait/blog/youtube stories https://www.bls.gov/opub/hom/cps/pdf/cps.pdf https://www.bls.gov/opub/hom/cps/pdf/cps.pdf. There's no grand conspiracy to suppress the truth at the BLS, it's just a bunch of boring civil servant jobs.
- C1sc0cat 6y agoGovernments often fiddle with the definition or use other benefits to hide the true rate - in the UK there was pressure in the (1980's) for NHS GP's to put older unemployed people on disability to reduce the headline unemployment rate.