That already shows you do not know what you are talking about. Unemployment figure calculation, along with CPI, has been heavily modified over the past decade. Mainly, the amount of time given to the unemployed worker to find a new job before he/she is taken out of the labor pool, has been shortened. It currently stands at 6 months. But something tells me you do not know how the percentage is caculated and why "labor pool" is a very important part of the equation, hence can be modified to juke the stats, so to speak. Nothing to do with conspiracy theory, just common sense & critical thinking. Read the report, learn how it is calculated, then note the changes done over the decades, all of which are documented. Simple is that if you are not afraid of the truth. Or subscribe to a service that does it for you and reorganizes the government data to show a more accurate gauge. Illegal labor is whole other topic, it's funny you try to mix it into construction. True construction jobs are run by unions, those jobs are important and well paid. The cheap illegal labor, easily found in many towns in NJ, is not something the government would want in their calculation, because A) it would drive down wages stats B) If you ever see how that labor "gets work", you might as well change "USA" to "New Banana Republic". You sound like Pabst who thinks just because you can stand on the corner and offer to whore yourself out for $5 a day, that there is always work. The world's oldest profession is available in any nation, so with that logic, you can claim 100% employment anywhere. Just because McDonalds is hiring, does not mean you can pay your rent or eat.
I always enjoy reading your posts and find them quite insightful. Is there an online source that chronicles the evolution of CPI and Employment definitions? Or is each researcher forced to reinvent the wheel?
"Do you have the slightest clue just how fake that unemployment figure is? " This is the only problem. And I did not really see your response addressing the previous post. So I will return the favor.
All of these reports are LOADED with footnotes about their changes. The government does not lie, they just engineer new methodologies. Or you can try http://welling.weedenco.com. Someone posted a great article by its founder on ET a couple years ago.
outsourcing is good Companies make more profits which results in cheaper goods for consumers. If your job did happen to get outsourced, tough shit
Do you like being put on everyone's ignore list? Really, you could not form argument with kid block letters.
On a funny, but serious note I love the Jib Jab movie on wall mart, I am afraid in the next 10 years without change we are heading there. Here it is if you haven't seen it. http://walmartwatch.com/blog/archives/big_box_mart/ I think alot of Americans, as a whole, are ver short sighted just like corp. America. PPl just keeping spending and spending and just worry about it later. We want cheap prices, but more than that we need a sustainable living wage for ppl. Yes I used to do social work. Heck I love cheap prices, but I look at some of the sad looking workers at wall mart and imagine how their lives must be at home. I wouldn't want to have to live like they do on $10 an hour in Denver Metro. We need balance and this country is definitely out of balance. This week I am visting relatives in a small town in Colorado, where things cost more. I realize that sure it costs more for stuff, but I am buying groceries at a Union Super Market, where ppl. get a decent wage, not Wall Mart in Denver Metro. Does paying a bit more dent my net worth, no, not at all. At the same time I don't understand ppl. on these home shows that 10x more for cork floor because it's recycled. Both are towards the extremes of each end. Neither a pure capitalist nor pure socialist system is the answer, a hybrid is though. Socialized government programs with capitalist free enterprise is the answer IMHO. IMO this country has become a little too free market. Who was it that said capitalism will sell the rope to hang yourself? The way Americans lived after WWII made us great, not buying a Ford Expedition and financing your family vacation. We actually manufactured stuff and their were english speaking ppl. on construction sites. This country of ours has become a country for corp. America by corp. America, not a for the ppl. by the ppl sadly.
Most of the current generation are too lazy to study. They either want to trade their way to financial freedom with their 2K accounts or play poker become rich overnight. This is what is happening in college Dorms nowadays. Nobody wants to finish college. If kids nowadays don't use these shortcuts but finish college, there are plenty of jobs out there. Or they waste too much time playing those stupid playstation games while an youngster in third world is studying his ass off to get that Engineering degree and migrate to US. If plenty of immigrants (legal) are coming into this country every year and doing good, why not lazy americans.