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Massive jobs revision, Kamala's wealth tax, polls vs prediction markets, end of race-based admissions
All-In with Chamath, Jason, Sacks & Friedberg
Revisiting Job Growth: A Discrepancy Unveiled
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This chapter examines a substantial downward revision in U.S. job growth numbers, revealing 818,000 fewer jobs than initially reported. It discusses the implications of these adjustments for key sectors and their bearing on economic policy, particularly concerning the Federal Reserve's approach to interest rates. The chapter also explores innovative solutions like crowdsourcing for improving the accuracy of economic data, highlighting the challenges faced by traditional reporting methods.
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