Thursday, December 5, 2019

Hey Noah Williams, I know you're BSing about that QCEW report

I was going to work out some other findings from yesterday's release of the "gold standard" Quarterly Census on Employment and Wages (QCEW), and I went over the largely disappointing numbers in this post.

But then Koched-up UW professor Noah Williams pulled this piece of cherry-picking, which was dutifully retweeted by Robbin' Vos (it's almost like the two work together!).


I saw that, knew the data bits in the QCEW that Noah WASN'T talking about, and decided to respond.










I copied in Williams' twitter address to these responses because I'm hoping others respond and clown the guy (the guy blocked me a couple of years ago after I hurt his fee-fees on similar callouts). I don't despise the guy necessarily because Williams is conservative or working for Republicans - it's a paycheck I suppose, even though no legit economist can support trickle-down BS in 2019.

It's the blantant dishonesty from Noah Williams that makes me rage, and his intentional omissions and spinning of data. HE KNOWS BETTER, and he's using the UW's good name to blow the Bubble of RW BS higher, to MISinform to promote solutions that help his benefactors over society. It's disgusting and it needs to be ended.

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3 comments:

  1. WashCoRepubDecember 6, 2019 at 1:19 PM

    I'm really sorry the employment numbers were so good today, Jake... I know you're rooting hard for a recession and to see your fellow Americans out of work. That evil Orange Man, dontcha' know! Maybe next year your wishes and hopes will come true. Keep pluggin' away there, champ, you're doing God's work! LOLOLOL

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    Replies
    1. Jake formerly of the LPDecember 7, 2019 at 10:22 AM

      Yeah, pretty good jobs report there. Likely too good, and it'll probably be revised down when they benchmark to QCEW in early 2020.

      You know, the same way that we already know Trump's BLS overestimated job growth by 501,000 in the first half of this year. And by the way, manufacturing job growth still sucked in that job report - automakers didn't even gain back all of the jobs they lost during the GM strike in Oct.

      Maybe you GOP staffers can think about that at your next "strategy" meeting. And enjoy the slowdown next year.

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  2. Maynard McKillenDecember 12, 2019 at 6:56 AM

    The jobs report isn't showing that wage gains are now, finally, making up for decades of wage erosion, nor can Wisconsinites delude themselves that they are nearer to regaining all the loss of buying power, and influence over economic growth, they had before Reagan's reign-of-error.
    Had wages kept pace with inflation for decades, prevailing wages would be defined as being closer to "minimum wage," many Wisconsinites would have chosen to remain Wisconsinites rather than move out of state to more prosperous "blue" states, and we'd see an influx of newer, younger migrants taking family-supporting jobs and supporting the economies of cities in the northern counties, and in towns far from the interstate.
    Won't happen until the Republiclowns are in the minority in the legislature, and Wisconsin stops smelling like a moldy, threadbare country club where One-Percenters brag, in earnest delusion, about how they "did it themselves".

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