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Thread: U.S. Adds 195,000 Jobs; Unemployment Remains 7.6%

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    Re: U.S. Adds 195,000 Jobs; Unemployment Remains 7.6%

    Quote Originally Posted by AmazonTania View Post
    My personal favorite is the Big Mac Index.
    Ah, single point analysis. That explains a lot.

    How about a billion?

    US Daily Index The Billion Prices Project @ MIT



    I don't have a particular interest group.
    Unless you are in the top quintile, you ought to be more self interested.
    Quote Originally Posted by trouble13 View Post
    If you wanna know why Trumpsters are ignoring you its for the same reason you ignored the KKKs complaints about Obama.
    Quote Originally Posted by Moderate Right View Post
    When it comes down to it, all facts are cherry picked.
    Quote Originally Posted by Bodhisattva View Post
    He didn't say it didn't make sense. He said it is complete nonsense.

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    Re: U.S. Adds 195,000 Jobs; Unemployment Remains 7.6%

    Quote Originally Posted by AmazonTania View Post
    I haven't ignored it. It's been brought up too many times for me to ignore. It may be true that employees are making less in real terms, but this doesn't have much to do with how employees are paid. The fact is employees are not being paid less. The value of their wages are just worth less. I also do not deny that it is a problem. It's not a problem for me, but it's a problem...

    That is all.
    It is a problem for anyone making wages, and this insistence on ignoring it (and yes Virginia, saying it is "irrelevant" is to ignore it) is so frigging bizarre.
    Quote Originally Posted by trouble13 View Post
    If you wanna know why Trumpsters are ignoring you its for the same reason you ignored the KKKs complaints about Obama.
    Quote Originally Posted by Moderate Right View Post
    When it comes down to it, all facts are cherry picked.
    Quote Originally Posted by Bodhisattva View Post
    He didn't say it didn't make sense. He said it is complete nonsense.

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    Re: U.S. Adds 195,000 Jobs; Unemployment Remains 7.6%

    Bump for the Amazonian...
    Quote Originally Posted by Gimmesometruth View Post
    And just to add some more fuel to the fire, wages for the top quintiles are not representative of total income since a large percentage is made up of investment income....

    Quote Originally Posted by trouble13 View Post
    If you wanna know why Trumpsters are ignoring you its for the same reason you ignored the KKKs complaints about Obama.
    Quote Originally Posted by Moderate Right View Post
    When it comes down to it, all facts are cherry picked.
    Quote Originally Posted by Bodhisattva View Post
    He didn't say it didn't make sense. He said it is complete nonsense.

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    Re: U.S. Adds 195,000 Jobs; Unemployment Remains 7.6%

    Quote Originally Posted by AmazonTania View Post
    Inflation is low if you believe the CPI. There are many metrics which contradicts it. My personal favorite is the Big Mac Index.

    Oh no....I wasn't familiar with the "BMI"....and guess what...it is not a measure of inflation....but of currency exchange rates.

    Good grief.
    Quote Originally Posted by trouble13 View Post
    If you wanna know why Trumpsters are ignoring you its for the same reason you ignored the KKKs complaints about Obama.
    Quote Originally Posted by Moderate Right View Post
    When it comes down to it, all facts are cherry picked.
    Quote Originally Posted by Bodhisattva View Post
    He didn't say it didn't make sense. He said it is complete nonsense.

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    Re: U.S. Adds 195,000 Jobs; Unemployment Remains 7.6%

    Quote Originally Posted by Gimmesometruth View Post
    Ah, single point analysis. That explains a lot.

    How about a billion?

    US Daily Index The Billion Prices Project @ MIT
    Brief history on the CPI. During the 1970's, the CPI was thought to overstate inflation. So measures were taken to adjust the CPI for accuracy. During the 1970, they removed housing prices from the CPI, and replaced it with rents. In the 1980's, they adopted a new chain-weighed CPI. In the 1990's, they've introduced a concept called Hedonic Adjustments and Substitutions, which pretty much rendered the CPI useless. There is no reason why it should be taken as an accurate measure of inflation, and should be taken with a grain of salt.

    The same for the Billion Price Project. It's barely more than 5 years old and uses the same methodology as the current CPI, which also says inflation is low. If inflation was measured the same way it was measured during the 80's and 90's, it would show that inflation is not low at all.

    Unless you are in the top quintile, you ought to be more self interested.
    Why?

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    Re: U.S. Adds 195,000 Jobs; Unemployment Remains 7.6%

    Quote Originally Posted by Gimmesometruth View Post
    It is a problem for anyone making wages, and this insistence on ignoring it (and yes Virginia, saying it is "irrelevant" is to ignore it) is so frigging bizarre.
    I already said it was a problem. You are pontificating.

    So what are you going to do about it? Give employees more money?

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    Re: U.S. Adds 195,000 Jobs; Unemployment Remains 7.6%

    Quote Originally Posted by AmazonTania View Post
    Some people like to measure productivity with GDP, so I wasn't sure what you were going for. America works more hours, but more hours doing what exactly? What exactly are Americans producing to make America more 'productive?'
    Output per hour worked.


    So as productivity has soared, wages remain rather stagnant.

    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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    Re: U.S. Adds 195,000 Jobs; Unemployment Remains 7.6%

    Quote Originally Posted by Gimmesometruth View Post
    Oh no....I wasn't familiar with the "BMI"....and guess what...it is not a measure of inflation....but of currency exchange rates.

    Good grief.
    The Big Mac Index does both. You can read the full report on annualised price increases just for a low fee of $12 dollars.

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    Re: U.S. Adds 195,000 Jobs; Unemployment Remains 7.6%

    Quote Originally Posted by AmazonTania View Post
    Brief history on the CPI. During the 1970's, the CPI was thought to overstate inflation. So measures were taken to adjust the CPI for accuracy. During the 1970, they removed housing prices from the CPI, and replaced it with rents. In the 1980's, they adopted a new chain-weighed CPI. In the 1990's, they've introduced a concept called Hedonic Adjustments and Substitutions, which pretty much rendered the CPI useless. There is no reason why it should be taken as an accurate measure of inflation, and should be taken with a grain of salt.

    The same for the Billion Price Project. It's barely more than 5 years old and uses the same methodology as the current CPI, which also says inflation is low. If inflation was measured the same way it was measured during the 80's and 90's, it would show that inflation is not low at all.
    I'm sorry....is this an argument to use currency exchange rates...as a substitute for for tracking the cost of billions of goods in the US?



    Why?
    If you are in the 4 lower quintiles.....and have seen no real increase in wages for a long time.... why should you be interested in your own wages? Seriously?

    Oh snap.....I am debating with someone who believes inflation is irrelevant....to the point of using a currency exchange measure for measuring inflation.

    FFS.
    Quote Originally Posted by trouble13 View Post
    If you wanna know why Trumpsters are ignoring you its for the same reason you ignored the KKKs complaints about Obama.
    Quote Originally Posted by Moderate Right View Post
    When it comes down to it, all facts are cherry picked.
    Quote Originally Posted by Bodhisattva View Post
    He didn't say it didn't make sense. He said it is complete nonsense.

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    Re: U.S. Adds 195,000 Jobs; Unemployment Remains 7.6%

    Quote Originally Posted by AmazonTania View Post
    The Big Mac Index does both. You can read the full report on annualised price increases just for a low fee of $12 dollars.
    No, it doesn't do "both".

    This is just sad.
    Quote Originally Posted by trouble13 View Post
    If you wanna know why Trumpsters are ignoring you its for the same reason you ignored the KKKs complaints about Obama.
    Quote Originally Posted by Moderate Right View Post
    When it comes down to it, all facts are cherry picked.
    Quote Originally Posted by Bodhisattva View Post
    He didn't say it didn't make sense. He said it is complete nonsense.

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