Liberal Forum

Survivorship bias in economic statistics is when the reported data focused on only the data that have "survived" , while ignoring those that have failed or dropped out, which can lead to a skewed interpretation of the data. 

Two big claims that the dims/Biden/Harris love to flaunt is there creation of 300k jobs and low inflation. 

Here is the problem with their data that reflects a survivorship bias for each: 

1. Job Creation: 
The numbers from the Senile Pedo and the Ho didn't reflect the gross, only the net job creation. Their job creation figure typically reflects net jobs added only. The problem with that is that this figure does not account for jobs that were lost during the same period or workers who exited the labor market entirely. Some industries have experienced significant job losses that are overshadowed by growth in other areas. AI being one example of the growth that overshadowed the loss of manufacturing jobs. However, only the AI jobs were counted, while not accounting for the loss of manufacturing jobs.  That's just one example uthat happened under the senile pedo and Ho. A focus on job creation without accounting for the quality or sustainability of these jobs skews the perception of the labor market's true health.

2. INflation: 
Targeted Data Focus: In short, the senile Pedo and the Ho didn't account for the people who were effected the most like the lower middle class to low income earners. The industry prices that they struggle with were not included in their numbers. Only the entities whose prices decreased were counted. Inflation rates are usually measured through aggregate indices such as the Consumer Price Index (CPI), but inflation can vary widely across different sectors. While overall inflation may have decreased, certain essentials, such as housing, food, and healthcare, still experienced higher-than-average price increases. This uneven inflation impact disproportionately affects the middle class and lower-income households. By focusing on overall inflation without focusing on these variations, the statistic can overlook the "survival" of the people or sectors still struggling...which is most of America.