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overtheedge
Member since May 2012
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The Farmland Bubble and Missing Workers - Tim Iacono - Iacono Research

"Missing workers are people who still want to work but who haven’t looked in the last year and ..."

Who the hell started this bullshit line?

The people look for work. They just no longer use avenues that report numbers to the government.
The unemployment office no longer gets folks registering once their UI benefits run out. Besides, if the people don't get a job after showing up at the unemployment office every week for months, why continue showing up once UI is over. If for-profits fail to get you a job, why continue to use them.
Do individual small businesses report the number of job applications they receive? No.
Therefore to claim that the people who have been dropped off the official UI rolls have quit looking for a job lacks foundation.
No doubt some have quit, but that percentage is an unknown.

Shame on everyone that perpetuates this statistical lie.
By perpetuating this, you tender the unspoken lie that those who haven't found a job aren't looking aka lazy.

Commented 4003 days ago

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Beginning of the headline :Here are a couple of charts that, at first glance, don’t seem to have much in common but, combined, they add important context to the U.S. economy, offering more evidence of the growing divide between the rich and poor. First, from a story at Marketwatch comes this graphic about a U.S. asset bubble that is even more durable than the Canadian housing bubble – farmland. There are many reasons for rising farmland prices and easy money is at or near the top of the list, however, this characteristic... Read More

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