Unemployment has nothing to do with being out of work.

[bobevenson]

I've explained why unemployment has nothing to do with being out of work. If anybody disagrees with my argument, please offer a counterargument.

[Arising_uk]

FDP did but you pretty much ignored him after he showed that you didn't know what you were talking about.

Stop bumping your post.

[bobevenson]

I'm sorry, but not only did I offer an argument relating to unemployment, I put it into a mathematical formula that nobody has successfully challenged.

[Arising_uk]

Yes he did. Once again you demonstrate the selective reading super-power of the interweeb loon.

[bobevenson]

Neither of you socialists understand basic economics.

[FlashDangerpants]

I've explained why unemployment has nothing to do with being out of work. If anybody disagrees with my argument, please offer a counterargument.

People with no jobs are unemployed.

Job done. It was easy.

[bobevenson]

Please go back to my argument and mathematical formula, and point out any error, of which there are none. I'm not talking about your simplistic approach for the hoi polloi, I'm talking about meta-economics, my friend, economics at a more abstract and higher level.

[FlashDangerpants]

You're talking about capacity utilisation. You didn't get there first and you aren't doing it well. You are calling it unemployment because you don't know any better. But I have told you so you can stop now.

[bobevenson]

You're talking about capacity utilisation. You didn't get there first and you aren't doing it well. You are calling it unemployment because you don't know any better. But I have told you so you can stop now.

Unfortunately, you don't have the slightest idea what you're talking about. I've tried to simplify the concept of unemployment for you, but to no avail. Please do yourself a favor and stay as far away from the subject of economics as possible.

[Arising_uk]

What a boob.

[bobevenson]

What a boob.

And I might add that you should stay away from every subject.

[FlashDangerpants]

You're talking about capacity utilisation. You didn't get there first and you aren't doing it well. You are calling it unemployment because you don't know any better. But I have told you so you can stop now.

Unfortunately, you don't have the slightest idea what you're talking about. I've tried to simplify the concept of unemployment for you, but to no avail. Please do yourself a favor and stay as far away from the subject of economics as possible.

Perhaps a little play will help you understand your problem here.

Picture the scene.... Bob the Inventor walks into a patent office...

BOB: "I need to patent my invention, it is a special camera which allows a gentleman to take pictures of his penis and immediately transmit them to ladies, I call it the DickPic2000"

Clerk: "That is an iPhone sir, you cannot patent another person's invention"

Bob: "My invention isn't a phone, it a DickPic2000, and it can take transmit photos of your penis whether erect or flaccid!"

Clerk: "But sir, you have written 'DickPic' on an iPhone, that is not an invention"

Bob: "What part of 'flaccid or erect' are you failing to understand??????"

Clerk: "but you have simply invalidated your warranty on another person's product"

Bob: "You my friend appear to have no understanding of cutting-edge penis photography"

Clerk: "That may be so, but you are not the inventor of the iPhone, a device with many non penis related applications"

Bob: "This is the third Satanic attack I have suffered since breakfast"



In case you have missed the point. Your invention is stolen Bob, you just took a common idea (capacity utilization rates) and you put the wrong label on it.

[bobevenson]

...you put the wrong label on it.

But I can put the right label on you, cuckoo.

[Arising_uk]

See this is why you are the loon here bob. As all you have to do is explain why capacity utilisation does not apply to what you say and we'd probably take you seriously. Instead you just try and deflect and as such are clearly the cuckoo one.

[bobevenson]

As I have tried to hammer into your heads, unemployment has nothing to do with being out of work. It has everything to do with the extent that actual value of production meets the potential value of production in a free market. Since capacity utilization merely expresses the extent to which total production meets potential production regardless of value, it also has no relationship to unemployment.