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Both unemployment and inflation numbers are known to be fake though. They’re specifically designed to make the government look good. One would be a fool to rely
by ein0p 3y ago
Both unemployment and inflation numbers are known to be fake though. They’re specifically designed to make the government look good. One would be a fool to rely on them exclusively.
- oblio 3y agoThere are many numbers and government numbers are not fake. They're cherry picked, there's a difference.
- green_goober 3y agoThen I guess nothing is truly measureable and we should never attempt to make predictions.
- riehwvfbk 3y ago[flagged]
- ipaddr 3y agoIf unemployment and inflation rates are politically gamed nothing is truly measurement? Many things can be measured. And unemployment is measuring something but not what it's titled suggests. It's measuring some group of people who qualify as looking for work within a specific timeframe. Someone looking for work for a few years is deemed to employed by this calculation some might question it. Changing the definition of a recession is political. That doesn't mean measurements are incorrect and prediction is impossible.
- green_goober 3y agoMy comment was sarcasm. OP is being a defeatist to anyone trying to explain that, yes, actually, you can measure these things. You don't need the media to spoonfeed you fake information.
- lmm 3y agoBy the time a number is getting printed in the newspaper, Goodhart's Law has already taken effect. Anyone who has a good metric is keeping it quiet, the only way to know anything is to get deeper into the details than the average voter.
- coliveira 3y agoThey are not totally fake, but engineered to show only the good parts. Like when fuel prices drop, and this appears in the data as huge inflation reduction, when in fact food and shelter prices are growing faster than anyone wants to admit.