4 ms·

The actual data does not align with your anecdote. Unemployment is historically low.

lurking15 3y ago
In so far as data is used to qualify politicians and support agendas, this argument is nothing more than a thought-terminating cliche. Data is so abused and any statistician or quantitative person can tell you how hard it is to collect quality data and support a conclusion with certainty without fooling yourself. And that's assuming good intent, the malicious/self-interested case is totally in play here, especially with regards to unemployment.
- nightski 3y ago
  As so "trust me bro" is in effect eh?
  - lurking15 3y ago
    is it incomprehensible to you that "the data says" is a "trust me bro" statement?
    - nightski 3y ago
      Yes, given that it is reported by trusted institutions such as the St Louis Fed. Now if you have alternative data or sources which are in conflict please share.
      - lurking15 3y ago
        The conclusions you draw from data do not disprove what the GP said. First you should be citing labor participation, and unemployment says nothing about the quality of jobs. Nevermind that even labor participation is definitive either. And considering the site "truflation" finds inflation since 2020 to be at 22%, that's a quarter devaluation of purchasing power which seems accurate to anyone participating in the economy. And to everyone celebrating "low" inflation now, that devaluation never goes away as the interest rate compounds and wages just aren't rising that fast either. The point is that governments are trying to paint a rosy picture when many people participating in the economy do not believe it to be so rosy. And considering that politicians are performing atrociously, the reality is probably that the numbers are not capturing the reality of the economy.
password54321 3y ago
Something is not right if that is also true for CS grads as there are more CS grads than ever, unless they are moving into unrelated fields or worse, working part-time at a supermarket. For example, how many more web developers does the world really need especially when we have tools like Wordpress? Or is the industry hiring 10 people for every one person job?
- wegfawefgawefg 3y ago
  Ha, my web developer friend got laid off, couldnt find a job, and now he drives the bus. My other friend who has worked finance his whole life has had to work at a hardware store now. People I know at software gigs are constantly telling me theyre scared of getting layed off. That includes at apple. I know two junior devs who are working at grocery store, and a bar right now.
wegfawefgawefg 3y ago
It is very strange isnt it. There must be some nuance to be found in the data. Multimodality at the least.

In so far as data is used to qualify politicians and support agendas, this argument is nothing more than a thought-terminating cliche. Data is so abused and any statistician or quantitative person can tell you how hard it is to collect quality data and support a conclusion with certainty without fooling yourself. And that's assuming good intent, the malicious/self-interested case is totally in play here, especially with regards to unemployment.

nightski 3y ago
As so "trust me bro" is in effect eh?
- lurking15 3y ago
  is it incomprehensible to you that "the data says" is a "trust me bro" statement?
  - nightski 3y ago
    Yes, given that it is reported by trusted institutions such as the St Louis Fed. Now if you have alternative data or sources which are in conflict please share.
    - lurking15 3y ago
      The conclusions you draw from data do not disprove what the GP said. First you should be citing labor participation, and unemployment says nothing about the quality of jobs. Nevermind that even labor participation is definitive either. And considering the site "truflation" finds inflation since 2020 to be at 22%, that's a quarter devaluation of purchasing power which seems accurate to anyone participating in the economy. And to everyone celebrating "low" inflation now, that devaluation never goes away as the interest rate compounds and wages just aren't rising that fast either. The point is that governments are trying to paint a rosy picture when many people participating in the economy do not believe it to be so rosy. And considering that politicians are performing atrociously, the reality is probably that the numbers are not capturing the reality of the economy.

password54321 3y ago

Something is not right if that is also true for CS grads as there are more CS grads than ever, unless they are moving into unrelated fields or worse, working part-time at a supermarket. For example, how many more web developers does the world really need especially when we have tools like Wordpress? Or is the industry hiring 10 people for every one person job?

wegfawefgawefg 3y ago
Ha, my web developer friend got laid off, couldnt find a job, and now he drives the bus. My other friend who has worked finance his whole life has had to work at a hardware store now. People I know at software gigs are constantly telling me theyre scared of getting layed off. That includes at apple. I know two junior devs who are working at grocery store, and a bar right now.

wegfawefgawefg 3y ago

It is very strange isnt it. There must be some nuance to be found in the data. Multimodality at the least.