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To: dangus

So you’re assuming that all these people who are “discouraged”, “underemployed” etc are in that position voluntarily ?

Sold to you.


16 posted on 02/26/2009 7:53:57 AM PST by nicola_tesla (www.fedupusa.org)
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To: nicola_tesla

“Discouraged” shows up in U5, which is fairly close to U3, so that’s just a red herring. “Underemployed” is an economic problem, but if someone is working only 25 hours a day, instead of 35, that’s very different than reporting him as if he were working 0 hours a day, which is what you were doing by referring to U6 as if it were unemployment.

And, yes: SOME “underemployed” people are in that category rather voluntarily. Case in point, while I was working on my Master’s degree, I was “underemployed.” Had an ideal job come along, I would have slowed down my degree work. I even applied for several jobs. But I was unwilling to take a full time job outside of my career path because I was getting the bills paid, and having the opportunity to work towards a better career.

Lots of working moms have been in similar situations.

THere’s a reason that the news media and the government have never widely reported U6 data, and that’s because it’s not very economically meaningful.


17 posted on 02/26/2009 8:32:34 AM PST by dangus
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