Abbot and Costello on Unemployment Numbers


COSTELLO: I want to talk about the unemployment rate in America.

ABBOTT: Good subject. Terrible times. It’s about 9%.

COSTELLO: That many people are out of work?

ABBOTT: No that’s 16%.

COSTELLO: You just said 9%.

ABBOTT: 9% unemployed.

COSTELLO: Right: 9% out of work.

ABBOTT: No that’s 16%.

COSTELLO: Okay so it’s 16% unemployed.

ABBOTT: No that’s 9%.

COSTELLO: WAIT A MINUTE. Is it 9% or 16%?

ABBOTT: 9% are unemployed. 16% are out of work.

COSTELLO: If you’re out of work you’re unemployed.

ABBOTT: No you can’t count the “Out of Work” as the unemployed. You have to look for work to be unemployed.

COSTELLO: But … they’re out of work!

ABBOTT: No you miss my point.

COSTELLO: What point?

ABBOTT: Someone who doesn’t look for work can’t be counted with those who look for work. It wouldn’t be fair.

COSTELLO: To whom?

ABBOTT: The unemployed.

COSTELLO: But they’re ALL out of work.

ABBOTT: No the unemployed are actively looking for work… Those who are out of work stopped looking. They gave up. If you give up you’re no longer in the ranks of the unemployed.

COSTELLO: So if you’re off the unemployment roles that would count as less unemployment?

ABBOTT: Unemployment would go down. Absolutely!

COSTELLO: The unemployment goes down just because you don’t look for work?

ABBOTT: Absolutely it goes down. That’s how you get to 9%. Otherwise it would be 16%. You don’t want to read about 16% unemployment do ya?

COSTELLO: That would be frightening.

ABBOTT: Absolutely.

COSTELLO: Wait I got a question for you. That means there are two ways to bring down the unemployment number?

ABBOTT: Two ways is correct.

COSTELLO: Unemployment can go down if someone gets a job?

ABBOTT: Correct.

COSTELLO: And unemployment can also go down if you stop looking for a job?

ABBOTT: Bingo.

COSTELLO: So there are two ways to bring unemployment down and the easier of the two is to just stop looking for work.

ABBOTT: Now you’re thinking like an economist.

COSTELLO: I don’t even know what the hell I just said!

 

Until next time,

Polly

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About Polly Heil-Mealey, ND, P.Sc., HHP, M.Ed., C.C.I.

Dr. Polly Heil-Mealey is the Past-President of the International Iridology Practitioners Association (IIPA), as well as an IIPA Certified Iridologist with a Master’s Degree in Education, and a Naturopathic degree. She has been involved in education and Biblical health care since 1994. Dr. Polly has been active in both television and radio, presenting community service programs covering various topics. An international traveler, she gives seminars on alternative health practices, incorporating iridology and Biblical nutritional counseling. Dr. Polly now uses her expert ability to communicate vital and useful information to help her clients build or restore their health. One of Dr. Polly’s greatest passions is to see her clients restore their health through natural therapies. Every success story confirms the need for education in holistic practices. Dr. Polly brings a high level of dedication and commitment to her clientele. She has touched the lives of many with her concern and selfless devotion. The verse “My people perish for lack of knowledge,” is a scripture that touches every level of society. As clients learn and understand holistic protocols, they are able to improve their health drastically by incorporating diet and lifestyle changes. Dr. Polly is married to Stephen Hale, and together they have eight children. Both are very active in their church and serve on various boards in their community. Dr. Polly is also the director of Women’s Ministries of her church. Dr. Polly and Stephen reside in Humble, Texas.
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