May
28
2009

NYT's Bad Stats Push for European Layoffs

Blogging (Beat the Press, 5/26/09) about how the "New York Times Cooks the Books on Europe's Auto Industry," economist Dean Baker catches the paper "touting the layoffs in the U.S. auto industry as a virtue"–since "it notes that auto industry employment in Europe is remaining steady at around 2.3 million, while it is falling to close to 700,000 in the U.S.": The article and accompanying chart imply that Europe is delaying an inevitable adjustment. The case is far from clear, in spite of the NYT's best effort to make the case. The chart shows that Europe produces about 18 million […]