More rubbish

Geez some academics are morons.

Some researchers in Land and Water Economics (sic) at CSIRO are looking into ‘economic resilience’.

They compared economic data from various US counties, before and after the 2008 economic crisis.

Quote…. “Our key findings are that counties with higher shares of relatively young workers (aged 25-44 years) on average had lower resilience, suggesting that having a more experienced labor force allowed counties to cope better after the financial crisis.”

I suspect this is dead wrong. Counties with relatively young workers probably faired poorly because young workers are far more mobile and hence left the county looking for opportunities elsewhere, leaving the county worse off for their absence.

There’s a big difference between a statistician and an economist. The former should never be allowed to attempt to explain any correlation that they dig up, on the threat of death.

What’s the bet that these researchers are well above 44 years old? Heh heh.