He wants people there to be his version of Minitrue, providing the numbers he wants to see, not the real ones:
Reporting unworkers doubleplusun-good, rewrite fullwise upsub antefiling.
So if you want early data it will inherently be of limited accuracy because that involves a lot of extrapolation with whatever incomplete data has been collected by that time. If you want accurate data you will have to wait for it because that data takes longer to be collected. You do want both because you need to make timely decisions, since most times the early numbers don't get revised by much, but you also want to course-correct when later, better data gives a different signal.
Agencies like the BLS publish their methodologies in great detail. Big revisions have always been happening, only they are getting more attention these days because of the heavy politicization.
Then they’d be a year late.
Perhaps we have to do this. Tailor our statistics for the economically illiterate. That obviously comes with a cost.
Here, take a look for yourself: https://www.bls.gov/web/empsit/cesnaicsrev.htm#2024
If this is an understood part of the process, why is it such a problem now?
Name some organizations that have "fire employees until we get success". Does that create a culture that prizes success, or just encourage employees to hide failure?
Logically what do you think is about to happen?
I personally would prefer that the jobs numbers apparatus was extremely conservative in the sense that it didn’t overstate the strength of the USA economy. I doubt Trump has that goal in mind necessarily, laudable as it might be.
This sounds like a call for it to be biased low? I'd prefer zero net bias - overstate and understate equally often - and as little error as possible. (Also, I'd like a pet unicorn for the munchkin.)
The problem seems to be around the preliminary numbers and how widely they get reported. Maybe this is a case where excessive transparency and reporting partial data that's known to be inaccurate is negatively useful?
Or maybe there could be some way to get people to accept that it's known to be wrong, and only useful if you have the chops to account for that wrongness in whatever you're using it for? But humans in general seem to mostly be allergic to not knowing things, so...
Maybe the wrongness is predictable enough to model and account for, but publishing "expected correction" numbers along with the preliminary numbers would be extremely un-conservative in that doing that is speaking with your own voice rather than just collecting and reporting data.
That's different from just saying the numbers are obviously being faked under Biden or whatever with no real evidence because you just feel like the economy is bad and assume corruption. Now there actually does seem to be corruption!
It would hurt Wall Street and GDP metrics, but not the poorest of the poor
Immigration is a distraction. Trump is deporting fewer folks than Obama did [1], he’s just doing it while pumping tens of billions to his buddies via ICE contracts.
Tariffs are a regressive tax. If food and metal is more expensive, service and manufacturing workers will be pinches.
[1] https://www.cbsnews.com/news/ice-deportations-trump-six-mont...
Red herring. Nobody said this.
My point is Trump isn’t deporting that many people. His numbers are not economically meaningful compared to tariffs. To the extent there are labour pools that would benefit from deportation, they’re geographically concentrated along the border.
If Trump wanted to remove illegals from the American labour pool, he’d target employers. He can’t [1].
[1] https://www.npr.org/2025/06/16/nx-s1-5430846/farming-industr...
I’m saying irrespective of what you and I believe, the current administration isn’t meaningfully deporting anyone.
(To the extent I have policy views on this, it’s for coherence. You can’t do disruptive deportations while ignoring criminals all while launching on again off again tariffs which preclude both long-term domestic investment and trade-barrier reductions.)
I’m not sure if this is accurate, but for example: https://www.dhs.gov/news/2025/07/31/migrant-crossings-darien...
https://en.wikipedia.org/wiki/Shortage
Increased capacity utilizing automation would introduce automation
https://en.wikipedia.org/wiki/Productive_capacity
An introductory macroeconomics source instructs one on this
https://www.khanacademy.org/economics-finance-domain/core-fi...
The US will find out the hard way how much of their undesirable work is done by people that "steal their jobs". Jobs that no American wants to do.
The UK already has seen this with Brexit https://www.bbc.com/news/business-44230865
With inflation dropping from 9.1% in June 2022 to 2.7% in June 2025, real wages for these low earners are now growing for the first time in years. The Financial Times failure to mention this context makes me question their motives.
They do talk about inflation in the article.
This is total crap [1][2].
These aren't hypothetical questions. We have an answer for them all over the country where state minimum wages are rising in Democratic states.
California tried this with a $20/hr minimum wage in fast food restaurants: the next time you go into a McDonalds, count the number of empty cash registers and number of shiny new ordering kiosks: https://www.nber.org/papers/w34033
And what's the point of a minimum wage of it doesn't provide a living? That's just letting private enterprise piggyback off the welfare system.
> In stark contrast to prior decades, low-wage workers experienced dramatically fast real wage growth between 2019 and 2023
https://www.epi.org/publication/swa-wages-2023/
("real wages" are wages adjusted for inflation)
But getting >2x salary in such short order is outpacing pretty much everyone else, percentage wise.
Decades of worsening conditions for the commoner is Ron Wyden's idea of a booming economy. Democrats are useful idiots.
Takes $600k/yr now to have buying power of $200k/yr in the 1980s. Inflation in the US has been here for decades hidden as deflation of purchasing power.
I can't anymore, folks. Republicans passed the largest tax cuts for billionaires, increased the deficit by trillions, and kicked millions of people of medicaid. Meanwhile, Trump is out there creating the most regressive tax system via tariffs we've ever seen which affect the poorest the most.
Yet Democrats are the useful idiots. Incredible.
There were no tax cuts for billionaires in the BBB.
(Not increasing the tax is not a "cut".)
Tariffs incentivize domestic production. See the case of chicken tax and pickup trucks. While we do pay for tariffs now, later down the road we should not as more things would be made domestically. If you don’t do tariffs, there is no way to force producers to onshore.
Stable, long term tariffs. We’re seeing historic falls in manufacturing employment for a reason.
Well, you have to start somewhere.
> We’re seeing historic falls in manufacturing employment for a reason.
In your opinion, what is this reason?
Democrats believed for years Republicans were arguing in good faith while raking in millions in insider trading. Useless idiots
Sorry I stuck to one topic in my original comment. But then again you aren't doing the political work to put me on the hook for your healthcare, cause identity obsessed Americans say that's socialism!
So really I am actually off the hook for your existence so why even give a fuck what you think?
Fuck you, fuck hope, fix healthcare you useless fuck
No. Nominal wages grew from ‘21 to ‘23, hitting all-time highs in ‘24 [1].
> It hasn’t even kept up with inflation
It did [2].
Wait what? Anyone here getting 4.7% pay rises?
Why? If you don’t need to negotiate a price, you don’t negotiate it.
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sleepyguy•4h ago