Re: US hits full employment----where is the joy?
Posted: Wed 06 Apr 2016, 20:05:20
Plantagenet wrote:copious.abundance wrote:Thus I have clearly, factually and unambiguously proven Planty wrong. There are more than 5 times more new workers working full-time since Obama took office than there are the same working part-time.
Again, you are making the same mistake in basic math.
When you recover something that was lost---it isn't new. It is RECOVERED. For instance if you lost $10,000 in the stock market one year, and then your stocks go back up $12,000 the next year, you haven't made a $12,000 profit. You've RECOVERED the $10,000 you lost and made a $2000 profit.
The math for US jobs works the same way.
The US economy lost 11 million full time jobs in the 2008-9 recession. Since that time it has recovered the 11 million lost jobs and added 2 million new full-time jobs.
Get it now?
Cheers!
OK-----since you are so math challenged, let me give you another example that might make this clear to you. Lets imagine an economy that does into recession and loses 11 million jobs. Then it recovers and gains 13 million jobs. Then it goes into recession again and loses 20 million jobs. Then it recovers and gains 18 million jobs. How many jobs have been created through the two recession cycles? A mathematical illiterate like you might claim that 13 million jobs were created during the first recovery and 18 during the second recovery for a total of 31 million jobs created. But if think about it and you do the math properly, the number of jobs created through the two cycles of recession and recovery is actually zero, i.e. the number of people employed at the end of the two cycles is the same as it was before the first recession.
Which number do you think is right in this example? 31 million new jobs created or 0 new jobs created? If you claim 31 million new jobs were created, then explain why the total number of jobs is the same at the end as it was before the first recession?
Get it now?
Cheers!
Its OK---you are not alone in being mathematically illiterate!
Since co.dunce is unwilling to consider the obvious math error he has made, I have no alternative other than to declare myself the WINNER of this fun little debate.
Feel not badly, little mortal, for better men then you have been defeated by the god of thunder!!!!