Dugdale_Jukes
Senior Member
- Dec 30, 2012
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"Estimate" does not mean "to pull out of your ass." You are claiming 25%. So define your terms. Your 25% is what as a percent of what? It's obviously not just unemployed, which is odd by itself since you were responding to a question about unemployment.All these statistics are based on self reportin surveys,not on any hard numbers from employers
How does one tally up the unemplymentffactor of the underemployed to arrive at a single TOTAL unemployment?
My "GUESS" of 25% is just that...a guess.
My 25% GUESS is meant to suggest that we have about 3/4s of all workers working to their DESIRED POTENTIAL.
This isn't chemistry kids this is SOCIAL SCIENCE.
Hard numbers do not come easily in this case.
Everything is a forking estimate.
Yup it is a SWAG, I quite agree.,Pinqy
One mostly based on having lived through so many other recessions it is therefore it is MY SWAG by comparison to other recessions I've seen.
And you must realize that the numbers you are getting from the BLS are ALSO SWAGS<too, right?
No, based on the venom with you responded to my previous posts apparently you do not understand how SOFT those estimates really are.
In a sea change from the 1980s-2008 when it went without saying that "experts" had all the answers, today it is helpful to realize that the class of people manipulating data for government and finance as well as industry feel pressure to justify their existence. At least rats, roaches, sneak thieves and other parasites do their work in relative silence.
It'd be good to have a penny for every dollar lost to invalid data per se plus a penny for every dollar lost to ERP systems reliability in government and industry. My net worth would go up tens of millions.
Here is a little paradigm that is often instructive for pedants who can be helped:
Q. If one calls a cow's tail a leg, how many legs does a cow have?
A. Four. Calling a tail a leg doesn't make a tail a leg.
Definitions are essential. A. Four. Calling a tail a leg doesn't make a tail a leg.
More essential: they mean what they claim to mean.
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