The use of statistics

Mark Twain (1924) probably had politicians in mind when he reiterated Disraeli’s famous remark ("There are three kinds of lies: lies, damned lies and statistics"). Scientists, we hope, would never use data in such a selective manner to suit their own ends. But, alas, the analysis of data is often the source of some exasperation even in an academic context. On hearing comments like ‘the result of this experiment was inconclusive, so we had to use statistics’, we are frequently left wondering as to what strange tricks have been played on the data. ...

#labour markets #resilience

Universal Resilience Patterns in labor markets

Authors: Esteban Moro, Morgan R. Frank, Alex Pentland, Alex Rutherford, Manuel Cebrian, Iyad Rahwan. Publication: Nature Communications (2021). Link Abstract: Cities are the innovation centers of the US economy, but technological disruptions can exclude workers and inhibit a middle class. Therefore, urban policy must promote the jobs and skills that increase worker pay, create employment, and foster economic resilience. In this paper, we model labor market resilience with an ecologically-inspired job network constructed from the similarity of occupations’ skill requirements. ...