(09-13-2012, 04:51 PM)Jester Wrote: What if your car got slower every year? Or your computer? Surely you would start to feel you're getting less and less for your money?It kind of happens that way anyway... The car wears out and loses its new car smell. The computer gets slower as I pile on the software and absolutely necessary system tray services...
But, backing up to ShadowStats... What do you find "Tinfoil Hat" for them calculating the CPI or the Unemployment rates as they were done by the government in the past. It's the government who has changed methodologies, and after each change the rates revise downwards (to the governments favor). I mean 1 in 12 people -- 8% unemployment doesn't seem that bad, until you dig into things like the labor participation rate (the opposite question "how many of us are working?") and then factor out the too young (<17), the too old (> ~65), too disabled, and the too rich. The U-6 rate nationally is double the rate used in the sound bites -- 1 in 6 is a more disturbing headline.
http://blogs.wsj.com/economics/2012/09/0...on-record/
Men aged 20-24 comprise 8 percent of the decline and men aged 16-19 comprise 18 percent of the decline -- Are they living at home in the basement playing WOW?