Friday, September 13, 2013

We Should also Measure Unemployment this Way

   Comparing unemployment today to the 25 percent felt during the Great Depression (1933) is a little of an apples-to-oranges comparison. Back then, they didn't have the social nets we have today. Nowadays, if you are receiving enough social assistance that you don't need a job, you are not counted among the unemployed. This might measure need and poverty more accurately than a counting of everyone who doesn't have a job, but it would be helpful if we also had a measurement of those who are not working, period, regardless whether someone is supporting them.
http://www.huffingtonpost.com/2013/04/06/labor-force-dropouts_n_3030349.html

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