SOCIALIST CLAIM Unemployment is low because everyone has two jobs Unemployment is low because people are working 60 70 80 hours a week and can barely feed their kids -Alexandria Ocasio-Cortez REALITY Multiple Jobholders as a Percent of Employed 1 The percent of workers with multiple jobs is near its all-time low Average Weekly Hours Worked 75 370 365 2 The average number of hours worked per week is near its all-time low 355 350 45 340 3 That's not even how unemployment is calculated Working multiple jobs does not lower the unemployment rate more than working one job does nor does working long hours Unbiased America ALEXANDRIA OCASIO-CORTEZ’S EMBARRASSINGLY INCORRECT CLAIM By Kevin Ryan Alexandria Ocasio-Cortez made several bizarre claims in an interview with Firing Line’s Margaret Hoover last week that has a lot of people scratching their heads Ocasio-Cortez the left’s new darling and self-described socialist was asked about the strong economy and low unemployment rate She offered a bizarre explanation “Unemployment is low because everyone has two jobs” she explained “Unemployment is low because people are working 60 70 80 hours a week and can barely feed their kids” Huh? Ok first of all that’s not even how the unemployment rate works It’s a measure of how many people are looking for a job but can’t find one Neither holding multiple jobs nor working overtime affects the calculation at all Secondly “everyone has two jobs” couldn’t be further than the truth The percent of workers with more than one just is near its all-time low under 5% And people aren’t working longer and longer hours to make ends meet In fact people are working fewer hours not more meaning it’s actually easier than ever to feed your family Ocasio-Cortez then goes on to blame capitalism for the above-mentioned made-up problems Ironically her dire description of the economy is a more apt description of what life was like BEFORE capitalism when everyone worked extremely long hours including children just to avoid starvation She seems to long for those days “Capitalism has not always existed in the world and it will not always exist in the world” she said SOURCES httpwwwpbsorgwnetfiring-linevideoalexandria-ocasio-cortez httpswwwblsgovopubmlr2015articlemultiple-jobholding-over-the-past-two-decades-2htm httpswwwblsgovopubmlr2017articlemultiple-jobholding-in-states-in-2015htm httpsfredstlouisfedorgseriesLNS12026620#0 httpsfredstlouisfedorgseriesPRS84006023#0 httpsfredstlouisfedorgseriesAWHAETP httpwwwpolitifactcomtruth-o-meterstatements2018jul18alexandria-ocasio-cortezalexandria-ocasio-cortez-wrong-several-counts-abou httpswwwfactcheckorg201807ocasio-cortez-wrong-on-cause-of-low-unemployment httpsreasoncomblog20180717alexandria-ocasio-cortez-unemployment NOTE ON METHODOLOGY Weekly work hours is based on the BLS “Business Sector Average Weekly Hours” index which I’ve converted from an index to actual hours There are many different measures of “weekly work hours” but all show a long downward trend in hours worked not an upward trend as Ocasio-Cortez contends Meme

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found @ 1925 likes ON 2018-07-20 12:31:09 BY awwmemes.com

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