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Author: Russell.MartinRussell.Martin Date: Jul 31, 2006 16:25
http://www.nytimes.com/2006/07/31/business/31men.html?pagewanted=1&ei=5094&en=f82d5d3f9f822e4f&hp&ex...
' "To be honest, I'm kind of looking for the home run," said
Christopher
Priga, who is 54 and has not had steady work since he lost a job with
a six-figure income as an electrical engineer at Xerox in 2002.'
'Despite their great numbers, many of the men not working are missing
from the nation's best-known statistic on unemployment. The jobless
rate is now a low 4.6 percent, yet that number excludes most of the
missing men, because they have stopped looking for work and are
therefore not considered officially unemployed. That makes the
unemployment rate a far less useful measure of the country's
well-being
than it once was.'
Cheers,
Russell
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Author: minnesottiminnesotti Date: Jul 31, 2006 16:56
What he was doing so that it was worth six figures ? Was he extremely
productive, so that he did the job of ten normal electrical engineers ?
(Kamal, help me).
Of course, now any job is below his dignity, even an $80k pa job (which
is not 6 figures).
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Author: BMJBMJ Date: Jul 31, 2006 17:27
minnesotti wrote:
>>' "To be honest, I'm kind of looking for the home run," said
>>Christopher
>>Priga, who is 54 and has not had steady work since he lost a job with
>>a six-figure income as an electrical engineer at Xerox in 2002.'
>
>
> What he was doing so that it was worth six figures ? Was he extremely
> productive, so that he did the job of ten normal electrical engineers ?
> (Kamal, help me).
>
> Of course, now any job is below his dignity, even an $80k pa job (which
> is not 6 figures).
>
I once applied for a position with a software company. It would have
paid about half what I had earned while I was teaching, but I was
willing to take it as I would have been inside the organization and
could have found something better.
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Author: BMJBMJ Date: Jul 31, 2006 18:14
Straydog wrote:
> There are efforts to measure the "discouraged" (thats the name for them)
> guys. If they have resources, including a working wife, then they don't
> need the job. Just cut back on expenses.
Isn't that just another way of manipulating the data?
I see stories in the newspapers
> about people who lose jobs/careers and then they sell their big house
> and move into a smaller one, or trailor, or car, or under the bridge,
> move in with friends/roomates, etc.
>
> And, around my area, were getting more and more signs on "for sale"
> signs that say "new price" as well as lots of places have for sale and
> been there for quite a while. Newspapers are talking about sales going
> down. Prices going down, too.
>
> Then, there are more people going for "cash only" jobs or other ways to
> do business, trades/exchanges, etc.
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Author: StraydogStraydog Date: Jul 31, 2006 19:39
On Mon, 31 Jul 2006, BMJ wrote:
> Straydog wrote:
>
>
>
>> There are efforts to measure the "discouraged" (thats the name for them)
>> guys. If they have resources, including a working wife, then they don't
>> need the job. Just cut back on expenses.
>
> Isn't that just another way of manipulating the data?
Well, there are serious interests in understanding what causes
unemployment; after all, all the bank books and economics books (contrary
to what KP seems to think) really do want to see maximum employment. After
all, the govt gets taxes, and the few overlings (who live as parasites on
the underlings) like the idea of as many underlings as possible in gainful
employmenet so the overlings can keep their cushy chairs in a/c offices
(and have the underlings out there sweating as they dig ditches, etc).
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Author: BMJBMJ Date: Jul 31, 2006 20:07
Straydog wrote:
>
>
> On Mon, 31 Jul 2006, BMJ wrote:
>
>> Straydog wrote:
>>
>>
>>
>>> There are efforts to measure the "discouraged" (thats the name for
>>> them) guys. If they have resources, including a working wife, then
>>> they don't need the job. Just cut back on expenses.
>>
>>
>> Isn't that just another way of manipulating the data?
>
>
> Well, there are serious interests in understanding what causes
> unemployment; after all, all the bank books and economics books
> (contrary to what KP seems to think) really do want to see maximum ...
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Author: StraydogStraydog Date: Jul 31, 2006 20:34
On Mon, 31 Jul 2006, BMJ wrote:
> Straydog wrote:
>>
>>
>> On Mon, 31 Jul 2006, BMJ wrote:
>>
>>> Straydog wrote:
>>>
>>>
>>>
>>>> There are efforts to measure the "discouraged" (thats the name for them)
>>>> guys. If they...
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Author: BMJBMJ Date: Jul 31, 2006 21:11
Straydog wrote:
>> But, if they have alternate forms of financial support, are they
>> really unemployed?
>
>
> Decision tree: not working means not receiving "compensation" (as per
> IRS, what do you have in canada?).
I think the Canada Revenue Agency looks at it the same way.
In a real sort of way, I am
> unemployed (but receiving income as per pension & SS. But, technically,
> since I receive income in exchange for work in my own small company,
> then, because I give myself a W-2 every year (my nepotism-employed wife
> also gets a W-2 from my company), I am, technically employed.
I suppose, strictly speaking, I'm not considered to be working, either,
as I don't have a paying job. I am, though, drawing on my retirement
savings and I have to declare that on my income tax return.
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Author: StraydogStraydog Date: Jul 31, 2006 23:55
On Mon, 31 Jul 2006, BMJ wrote:
> Straydog wrote:
>
>
>
>>> But, if they have alternate forms of financial support, are they really
>>> unemployed?
>>
>>
>> Decision tree: not working means not receiving "compensation" (as...
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