Models

For a long time, people thought our solar system revolved around the Earth. Copernicus (or Galileo to some) came around and proved the planets revolved around our Sun.

Models are important - they are the perspective of an individual's perception of any given event. Models are always biased, but the objective should be to choose a model with the least bias possible.

How is this achieved?

Scrutinize opposing aspects, think critically, and have an open mind.

"All Truth passes through three stages: First, it is ridiculed. Second, it is violently opposed. Third, it is accepted as self-evident."

- Arthur Schopenhauer

Truth is stranger than fiction, but it is because Fiction is obliged to stick to possibilities; Truth isn't.

- Mark Twain


These opinions below may be my own or may belong to the authors whom I reference. They are posted for the benefit of mankind, so that we may collectively achieve a common ground and transition into a new golden era as seamlessly as possible.


Friday, April 5, 2013

People Not In Labor Force Soar By 663,000 To 90 Million, Labor Force Participation Rate At 1979 Levels



Things just keep getting worse for the American worker, and by implication US economy, where as we have shown many times before, it pays just as well to sit back and collect disability and various welfare and entitlement checks, than to work .The best manifestation of this: the number of people not in the labor force which in March soared by a massive 663,000 to a record 90 million Americans who are no longer even looking for work. This was the biggest monthly increase in people dropping out of the labor force since January 2012, when the BLS did its census recast of the labor numbers. And even worse, the labor force participation rate plunged from an already abysmal 63.5% to 63.3% - the lowest since 1979! But at least it helped with the now painfully grotesque propaganda that the US unemployment rate is "improving."

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