Tuesday, 18 September 2012
-
Define Unemployment to me!!!!!!!!!
OKAY....LET ME GET THIS STRAIGHTCOSTELLO: Hey….Abbott! How many folks don’t have jobs now?
ABBOTT: Good Subject. Terrible Times. It's 8%.
COSTELLO: That many people are out of work?
ABBOTT: No, that's 16%.
COSTELLO: You just said 8%.
ABBOTT: 8% Unemployed.
COSTELLO: Right 8% out of work.
ABBOTT: No, that's 16%.
COSTELLO: Okay, so it's 16% unemployed.
ABBOTT: No, that's 8% .
COSTELLO: WAIT A MINUTE! Is it 8% or 16%?
ABBOTT: 8% are unemployed. 16% are out of work.
COSTELLO: IF you are out of work....you are unemployed?
ABBOTT: No, you can't count the "Out of Work" as the unemployed. You have to look for work to be unemployed.
COSTELLO: BUT THEY ARE OUT OF WORK!!!
ABBOTT: No, you miss my point.
COSTELLO: What point?
ABBOTT: Someone who doesn't look for work, can't be counted with those who look for work. It wouldn't be fair.
COSTELLO: To whom?
ABBOTT: The unemployed.
COSTELLO: But they are ALL out of work!
ABBOTT: No, the unemployed are actively looking for work. Those who are out of work stopped looking. They gave up. And, if you give up, you are no longer in the ranks of the unemployed.
COSTELLO: So if you're off the unemployment roles, that would count as less unemployment?
ABBOTT: Unemployment would go down. Absolutely!
COSTELLO: The unemployment just goes down because you don't look for work?
ABBOTT: Absolutely it goes down. That's how you get to 8%. Otherwise it would be 16%. You don't want to read about 16% unemployment, do ya?
COSTELLO: Crap no!
ABBOTT: Absolutely.
COSTELLO: Wait....I got a question for you. That means there are two ways to bring down the unemployment number?
ABBOTT: Two ways is correct.
COSTELLO: Unemployment can go down if someone gets a job?
ABBOTT: Correct.
COSTELLO: And unemployment can also go down if you stop looking for a job?
ABBOTT: Bingo!
COSTELLO: So there are two ways to bring unemployment down, and the easier of the two is to just stop looking for work.
ABBOTT: Now you're thinking like a Washington economist.
COSTELLO: I don't even know what I just said!!!
ABBOTT: Now you're thinking like a politician.
-
recommend
- recs 8
-
email
- sent 0
- like
Related Posts
Post a Comment
- Back to UncCharlie's Xanga Site!
- Note: your comment will appear in UncCharlie's local time zone: GMT -05:00 (Eastern Standard - US, Canada)
Comments (16)
Interesting... and sadly it makes sense.
did you make that up? that is good!
@pinktiger335 - Seems more folks are praying today than ever before.
@jillcarmel -
Jill:You make that up?
Charlie:Well….that’s according to how you define up.
Jill:Up! Made up like create.
Charlie:Create, in the Biblical sense?
Jill:NO! Did you take all of these words out of your head??
Charlie:Spell-check did.
Jill:You’re writing from an institution, aren’t you?
Charlie:No, a recliner.
Jill:You’re a real whack job….does your wife ever get fed up with you?
Charlie:Well....that’s according to how you define up.
i think we should all stop looking for work and become politicians.
love your answer to jill. that was a hoot.
My brain hurts. I need to go lie down.
@promisesunshine - Ever met an unemployed politician?
@promisesunshine - I have a lot of those moments.
Yep... if ya don't like the numbers, just change them so they look better. If ya don't like the stock market prices, just print lots and lots and lots of money till they go back up again. Ah, how infuriating indeed.
Good post lad, sad but true.
Excellent post and so true.
Well done!
True in every words.
Goes on all over the world - no different my side of the pond.
Gotta love this... Sadly, it's completely true. Except around here where the unemployment rate is still 10% and the "not working (but would love a job)" is still closer to 20%. We really don't understand how the reported figure is 8%.
Word games.