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How do you know the “ship is sinking?” What unemployment number is necessary such that the ship is not sinking? This article admits that the true number has be
by CyberRabbi 6y ago
How do you know the “ship is sinking?” What unemployment number is necessary such that the ship is not sinking?
This article admits that the true number has been relatively much higher for nearly the entire history that unemployment has been measured by the federal government.
- ashtonkem 6y agoThe problem with unemployment numbers is that you only realize that the ship was sinking after the fact. The exact line of percent unemployment (and length of unemployment) at which a society falls apart isn’t a known factor.