Quote:
Originally Posted by aka123
It is not random statistic. It is the most precise one that can be gotten regarding this issue. Far from random. It is already said what it describes. It is accurate because it is not subjective and has little variables. It gives the best overal picture. For example women may stay as housewives because there isn't jobs for them. Or there isn't jobs for them because they don't want it at the first place. Employment ratio doesn't care about this. It just measures the employment ratio, thus it is realiable indicator through times and between societies.
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I don't agree, I don't think it's a reliable indicator of anything, I still think it's impossible to draw any conclusions...
one society where everyone retires at 60 would have lower employment ratio, than society where everyone retires at 70... same can be said about society where everyone is spending half their life getting PhDs instead of working... same can be said about society where money is easily made, so one person can easily support 5 family members... same can be said about societies where it's taboo or perhaps even illegal for women to work, etc...
so comparing different societies, or time periods and then concluding that low "employment-population ratio" means "jobs are not available" is a bit flawed...