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Egregious Heritage Foundation OpEd on job stats in NYT

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swag Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Apr-06-04 11:55 PM
Original message
Egregious Heritage Foundation OpEd on job stats in NYT
This guy's spouting standard Wall St. Garbage re: "the Payroll Survey." Greenspan kicked his basic argument right in the nuts a few weeks ago, but why let sound statistical analysis get in your way. Anyway, here's one piece of stale white bread who knows which side he's buttered on:

http://www.nytimes.com/2004/04/07/opinion/07KANE.html

Excerpt:

Unemployment has been very low and is now near what economists call a "natural" rate.
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fearnobush Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Apr-07-04 12:02 AM
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1. So thats why it went up to 5.7 from 5.6% Too many people
decided to cave for those Wal-Mart $5.20hr jobs. We here in the greedy ole USA have lower UnEnPloy rates than the rest of the West, due to our pathetic minimum wage and our millions of unfilled or illegally filled $5.20hr labor demand.
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