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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
    I already said it was a problem. You are pontificating.
    You are talking out of both sides of your mouth again, previously it was "irrelevant"....but when pushed, it becomes a "problem"....sort of.....since it kind of gets measured when you buy your Mac in London....I guess..sort of ....kind of.

    So what are you going to do about it? Give employees more money?
    Um, everyone should be demanding higher wages...but guess what?...that is tough to do when there is a labor glut.
    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 Kushinator View Post
    Output per hour worked.


    So as productivity has soared, wages remain rather stagnant.

    If we are talking about in terms of manufacturing, that's a tad misleading. US manufacturing in terms of GDP is 13%. Japan's is 19%, Germany is 21% and Canada is slightly lower than the United States. America may be producing more per worker, and they may be working more hours but other countries are producing more value relative to the size of their economy. In other words, they are generally more productivity than the US and I am also guessing their wages are higher.

    Manufacturing, value added (% of GDP) | Data | Table

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

    Quote Originally Posted by Gimmesometruth View Post
    No, it doesn't do "both".

    This is just sad.
    It does. Just because you don't understand it's uses doesn't mean it's wrong.

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

    Quote Originally Posted by AmazonTania View Post
    It does. Just because you don't understand it's uses doesn't mean it's wrong.
    Hon, a single point data set is not a "basket of goods", it is a joke, even the Economist says so.

    Seriously, get real (and I do mean real, don't use joke currency exchange methods as a substitute for measuring inflation).
    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
    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?
    It means take the CPI and Billion Price Index with a grain of salt. Stop creating strawmen.

    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?
    I work on margins calls and commission. I don't earn wages.

    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.
    Strawmen again. Going to need more hay for this one.

    The Big Mac Index is not just a currency exchange measure. It uses the same metric as the CPI. I guess I can only expect scholars to know this...
    Last edited by AmazonTania; 07-29-13 at 07:27 PM.

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

    Quote Originally Posted by Gimmesometruth View Post
    Hon, a single point data set is not a "basket of goods", it is a joke, even the Economist says so.

    Seriously, get real (and I do mean real, don't use joke currency exchange methods as a substitute for measuring inflation).
    A basket of goods is really not required to measure inflation. The purpose of inflation is to measure how overvalued or undervalued a currency is. That is exactly what the Big Mac Index does.

    If you don't understand what inflation is, you will easily be fooled. As I said, just because you don't understand the BMI (or inflation for that matter) doesn't make it incorrect. There is nothing wrong with the metric, just your inherent lack of understanding.

    Any more things you'd like for me to clarify?

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

    Quote Originally Posted by AmazonTania View Post
    If we are talking about in terms of manufacturing, that's a tad misleading.
    In terms of total factor productivity, he U.S. is among the the most productive in the world. In terms of countries with more than 10 million citizens, the U.S. is no.1.
    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 Kushinator View Post
    In terms of total factor productivity. The U.S. is among the the most productive in the world. In terms of countries with more than 10 million citizens, the U.S. is no.1.
    No one disputes that, but it's manufacturing output is still lower. In monetary terms, manufacturing output is very high, but as a portion of GDP it's very low. Manufacturing is on a global decline, but America is really losing ground on this particular area.

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

    Quote Originally Posted by AmazonTania View Post
    I already said it was a problem. You are pontificating.

    So what are you going to do about it? Give employees more money?
    Ask Gimme how many employees he/she has and what he/she pays them? Never any answers just whining and complaining about wages, never about getting a return on the investment in employees. Too many liberals look at the hourly rate without benefits and use that number to try and justify higher wages. The problem is however most liberals have no concept of return on investment or the business costs associated with owning a business. Hard to believe such brilliant people have so little experience in actually running a business and employing people.

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

    Quote Originally Posted by AmazonTania View Post
    It means take the CPI and Billion Price Index with a great a salt. Stop creating strawmen.
    And instead use a single point currency exchange measure joke......yeah, thats the ticket!



    I work on margins calls and commission. I don't earn wages.
    FFS.....and this is what is used in this line of work? Ignoring inflation and using joke currency exchange measures. Good grief!



    Strawmen again. Going to need more hay for this one.

    The Big Mac Index is not just a currency exchange measure. It uses the same metric as the CPI. I guess I can only expect scholars to know this...
    No, it doesn't, it is using a single item price point.
    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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