To: 1rudeboy
Many citizens simply dont want to work in the formal labor force, either because they are studying for advanced degrees, retired, or caring for other matters in the home. Thus, the unemployment rate is the best way to assess economic health.
That's a pretty weak argument. Has the amount of people "studying for advanced degrees" vastly increased in the past 4 years?
Today, more than 5.4 million jobs in America are the result of insourcingthat is, they have been outsourced from abroad into the United States. (Source: Organization for International Investment)
That's stretching it a bit -- the way the OIFF counts these jobs includes a French company like Thomson buying RCA and then they've "insourced" a couple of thousand jobs without creating one. And they weren't "outsourced" from France either.
the BLS acknowledged that the survey has sample problems: it counts workers twice when they change jobs, which may account for between 400,000 and one million of the job difference between the two surveys
How do they count the person twice? On the employment side of the equation?
4 posted on
10/14/2004 7:59:05 AM PDT by
lelio
To: lelio
Has the amount of people "studying for advanced degrees" vastly increased in the past 4 years? Dunno. But I haven't heard of many colleges and univesities closing, have you?
That's stretching it a bit -- the way the OIFF counts these jobs includes a French company like Thomson buying RCA and then they've "insourced" a couple of thousand jobs without creating one. And they weren't "outsourced" from France either.
LOL. So all foreign companies do is buy U.S. companies. We all know that foreign companies never set-up shop here. In fact, the word "foreign subsidiary" is hardly in our vocabulary. Furthermore, with regard to "stretching" data, it happens on both sides. One cannot claim that certain data is inherently inaccurate (as it is), without recognizing that the inaccuracy cuts both ways. For example, a U.S. firm with a plant in Indiana buys its main competitor in Illinois. That firm then shuts the plant in Indiana and moves its assembly-lines to Illinois. Bingo! Net loss of high-paying manufacturing jobs in Indiana with possibly no net change in employment in Illinois. And Willie Green weeps.
5 posted on
10/14/2004 9:10:34 AM PDT by
1rudeboy
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