Wednesday, 30 July 2014

utterly useless metrics

One of the things which gets up my nose is the use of metrics to demonstrate something which is in fact, not actually true and just a wish. One of these that is close to my situation at the moment is the "new jobs" count which is supposed to guide our feelings on how the economy is improving.

Its just bullshit ... for instance:

Which was encouraging ... until I scrolled down the list and saw that actually saw that three of these are without doubt the same job being handled by 3 different placement agencies (headhunters).

So, clearly, the recovery is well underway. Certainly from the viewpoint of King Wang

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