Misconceptions Part I: #Unemployment


by Amparo C. on Nov 12, 2014 | Views: 247 | Score: 4
Actual valueAverage guess
Italy1249
Spain2546
S Korea840
Poland934
US632
France929
GB724
Canada723
Japan419
Germany614
Out of 100 people of working age how many do you think are unemployed?
Sources: ipsos-mori.com
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Amparo C.
Amparo C. on Nov 12, 2014 10:55 PM said:

A survey by Ipsos Mori (a social research institute), reveals public understanding of the numbers behind the daily news in 14 countries. The majority of the countries got it wrong on issues such as unemployment, which is overestimated to be three times higher than the actual rate. Such misperceptions occur around the world and can have a significant impact as politicians focus on voter perceptions.

Christian Stellakis
Christian Stellakis on Nov 14, 2014 8:26 PM said:

In my opinion this goes to show how strong of an impact unemployment has on certain nations. Since in economics perceptions often lead to self-fulfilling prophesies, these statistics are pretty disturbing.

Adam Edwards
Adam Edwards on Nov 18, 2014 10:17 PM said:

Actually, I think the moral of this story is that people are not fooled by government statistics that try to put a better face on the situation than what really exists. There is a lot of hidden unemployment or underemployment that goes unreported. Now whether that is somewhat beneficial due to the self-fulfilling prophecies mentioned by Christian, I will let politicians debate.

Noah
Noah on Nov 22, 2014 7:51 AM said:

Adam, I agree with your point about hidden un- and under-employment. But an average guess for the US of 32% seems over the top, even with those concepts in the mix.

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