From the December 29, 2009 issue of Daily Finance.Com
Statisticians acknowledge that the collection process overstates both GDP and productivity. Because investors, companies and the government all rely on such statistics, flawed data could result in poor investment and business decisions.
Susan Houseman, senior economist at the W.E. Upjohn Institute for Employment Research, was a participant in a recent conference on the problem. "We don't have the data-collection structure to capture what's happening in a real-time way, or what's being traded and how it's affecting workers.
To read more of what Dr. Houseman has to sayDownload Houseman-kurz-lengermann-mandel-final