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Propaganda is too strong a word. Economics is a human science with a lot of hard science involved (like statistics and various measurements). But unlike a hard science the schools of economics disagree on goals and methods. So it has a political content.
Umm...that's why I stated "...almost agree with you..." and not "I agree with you."
I took statistics in college and the one thing I came away with was that statistics can be used to prove just about anything the compiler wants to prove. All it takes is a little creative justification for why the data points used were the only ones pertinent to the issue.
Kind of like how the government can dismiss more than 3 million unemployed from the numbers they claim represent unemployment merely by stating that after a certain period of time they ceased looking for work; without dealing with why this many people who want to find work stopped looking for work.
No, there aren't. They are competing theories that are testable. Not differing schools of physics. There is only one physics and its goal is understanding the physical universe and it has one method -- the scientific method. It has no other agenda. Economics, however, differ as to goals and methods.
The best economic system is a pure free market where all voluntary transactions are allowed and all theft is banned, including retroactively, i. e. all monies/resources acquired by theft must be returned to their rightful owners. . .
You lost me here. Doesn't matter why someone stopped looking for work if they aren't looking for work then they are not looking for work. When they start looking for work again, they are added back to the ranks of the unemployed (or hopefully even the employed).
which is it? Are they looking or not?I've found that people who are marginally attached and discouraged (two of the classes that fall into the "not seeking" category) have been dilligently searching but keep failing to land a job.
How is that relevant to classification?People think this is due to lack of skills/education or poor resume/interiew capabilities and in some cases this is true.
However, it is more true that this is due primarily to the fact the labor market is a buyers market, i.e. employers have the advantage of a large labor pool to select from.
ummm the point is that the marginally attached/discouraged are NOT looking and are NOT in competition for jobs. What part does he not understand?If you add the 3 million or so marginally attached/discouraged workers to the number of workers seeking work you have around 15 million seekers, all applying for about 3 million total available jobs (last time I researched). That's 5 applicant's per job offer.
Isn't that what the official numbers show?REMOVE the marginally attached/discouraged and it's still 4 seeking each one and three out of work for every job is filled. Does that make it clearer?
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