Video games spending by young Americans is dropping sharply, report suggests
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BLS jobs report was a beat, +140k jobs and unemployment down a shade. I agree with you on the themes but it doesn't help to cherry pick data.
wrote last edited by [email protected]The BLS jobs estimate report is utterly garbage data.
Go look back over the last year or two.
Look at how many times, and how many jobs they revised down from the report 1 or 2 months prior.
All the idiots that watch Jim Cramer for financial advice are the same idiots that never bother to follow up on the BLS revisions.
Also, the BLS jobs estimate is an estimate that goes through a whole bunch of layers of dependency on other statistics like estimated populations growth.
Meanwhile the ADP is much more directly based on actual payrolls, from actual money going out to actual employees.
You should maybe learn how to actually compare the methodologies behind various sources of data before you accuse someone of cherry picking.
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Also the unemployment rates that are widely reported on don't count people who've been unemployed so long that they fall out of the labor force.
In our modern economy, if you fall off the treadmill, you stay unemployed for that long, you'll likely never get hired in that field again, or at least not without having to start out at an entry level or junior position, because of how absurd companies are with job requirements, how every job opening has 1000 applicants in 72 hrs, how something like 2/3rds of those job openings are fake and will never hire anyone.
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Maybe they can ask their AI to inspect the size of everyone's nose? Maybe that's the trick to get us to buy more AI chips in our games and TVs and phones and cars and in our fruit probably. There's gotta be AI in our food somewhere.
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Also competition, and I'm not actually talking about indie games, although that's helping. Competition with older games. Why in the world would someone pay $80 for a mediocre new game when they could replay a classic hit that they haven't played in few years? When was the last time you played the witcher 3, or the mass effect trilogy? Would you rather replay one of those, or pay $80 for the new assassin's creed?
I'm current stuck in a long term cycle of mainly Project Zomboid, Factorio, Valheim, Oxygen Not Included, The Lone Dark and Rimworld, were when I'm fed up of playing the last of them, it's been long enough since I played the first one that it's once interesting to play it.
Even when I manage to be fed up with playing all of them at any one point, I still have other progression games with complex emergent gameplay (often but not always games which have algorithmically generated game areas) like Kenshi. 7 Days to Die or OpenTTD that pull me in and if that fails, I can always pick up one of the old open world roleplay jewels such as Skyrim and play that.
I've barelly tried anything else in the last couple of years and of those only Oxygen Not Include was the only one with any lasting power and I picked that one years ago.
It's not even because I can't afford it (though out of principl I refuse to pay more than €20 for a game) - whenever I try an AAA game nowadays (always games that came out years ago) it's almost invariably an inferior experience that either feels too constrained or doesn't have enough gameplay variety and complexity to be fun for long.
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You wouldnt happen to be on linux would you?
Yes, I am using Arch btw
Sorry but I couldn't resist the opportunity
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I'm not young or American, but I can tell gaming has been changing. I can't even remember what was the last "AAA" game I bought, because it must have been a couple of years ago.
Most games I buy are 40€ connoisseur titles or 20€ indie games. I don't hear about any "must-play" AAA titles through the grapewine these days. I do hear about interesting indie stuff all the time, though. Most of the 60€+ games I hear about are kind of niche stuff.
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If everyone thought like you, we'd all be dead.
The Cult of Consumption
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This post did not contain any content.wrote last edited by [email protected]
I'm not young, but I know mine has gone down. I'm not playing less games, though.
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The hobby is getting more expensive while income left over after cost of living is going down. This shouldn't be a surprise to anyone.
They're charging more money for lower quality games. Glad less people are buying.
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The BLS jobs estimate report is utterly garbage data.
Go look back over the last year or two.
Look at how many times, and how many jobs they revised down from the report 1 or 2 months prior.
All the idiots that watch Jim Cramer for financial advice are the same idiots that never bother to follow up on the BLS revisions.
Also, the BLS jobs estimate is an estimate that goes through a whole bunch of layers of dependency on other statistics like estimated populations growth.
Meanwhile the ADP is much more directly based on actual payrolls, from actual money going out to actual employees.
You should maybe learn how to actually compare the methodologies behind various sources of data before you accuse someone of cherry picking.
...
Also the unemployment rates that are widely reported on don't count people who've been unemployed so long that they fall out of the labor force.
In our modern economy, if you fall off the treadmill, you stay unemployed for that long, you'll likely never get hired in that field again, or at least not without having to start out at an entry level or junior position, because of how absurd companies are with job requirements, how every job opening has 1000 applicants in 72 hrs, how something like 2/3rds of those job openings are fake and will never hire anyone.
What are you talking about? They're both estimates extrapolated from samples. I think most statisticians would prefer stratified sampling over one company's payrolls processing, but whatever. Maybe chuds would argue that ADP is so much more efficient/accurate because it's outside of the "swamp" of govt, it's certainly an independent data point. I mean I agree with you in that BLS is not reliable either. Real time economics is hard.
If you honestly preferred ADP all along and will continue to espouse it's superiority when it next contradicts your view rather than confirming it (as it will because data are noisy) then more power to you.
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Older games are better plus gamers can play all our existing games.
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Tbf, games were $60 for 30+ years...
GameCube games were $50 or $20 for player's choice titles
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What are you talking about? They're both estimates extrapolated from samples. I think most statisticians would prefer stratified sampling over one company's payrolls processing, but whatever. Maybe chuds would argue that ADP is so much more efficient/accurate because it's outside of the "swamp" of govt, it's certainly an independent data point. I mean I agree with you in that BLS is not reliable either. Real time economics is hard.
If you honestly preferred ADP all along and will continue to espouse it's superiority when it next contradicts your view rather than confirming it (as it will because data are noisy) then more power to you.
wrote last edited by [email protected]Well now you've met a statistician, a person with an Econ degree, specialization in Econometrics who is telling you the BLS numbers have been garbage for 2 years, based off of how many revisions they have to keep doing, and the magnitude of those adjustments.
I've been a professional data analyst at multiple large companies for years, I'm not going to explain this further unless you want to pay me for the full 40 page methodology breakdown.
Real time economics is not hard for me, it was my career until I retired.
Damn near every single measurable metric in the US economy beyond what's in the most easy to consume, most non specialist oriented media is screaming that everything is going tits up.
Hey when was the last time the Fed had to significantly jump into the Repo market to bail it out?
Oh, right, it was this past week.
I'm not going to bother to list out every single indicator/methodology I consider because 1) I'd break the lemmy comment post character limit (its 10k, btw) and 2) I'm used to being paid for such detail.
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Well now you've met a statistician, a person with an Econ degree, specialization in Econometrics who is telling you the BLS numbers have been garbage for 2 years, based off of how many revisions they have to keep doing, and the magnitude of those adjustments.
I've been a professional data analyst at multiple large companies for years, I'm not going to explain this further unless you want to pay me for the full 40 page methodology breakdown.
Real time economics is not hard for me, it was my career until I retired.
Damn near every single measurable metric in the US economy beyond what's in the most easy to consume, most non specialist oriented media is screaming that everything is going tits up.
Hey when was the last time the Fed had to significantly jump into the Repo market to bail it out?
Oh, right, it was this past week.
I'm not going to bother to list out every single indicator/methodology I consider because 1) I'd break the lemmy comment post character limit (its 10k, btw) and 2) I'm used to being paid for such detail.
Ah an economist, say no more fam.
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Maybe they can ask their AI to inspect the size of everyone's nose? Maybe that's the trick to get us to buy more AI chips in our games and TVs and phones and cars and in our fruit probably. There's gotta be AI in our food somewhere.
We are ripe for another Luddite movement with this giant AI grift the Tech Bros are forcing on us.
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Older games are better plus gamers can play all our existing games.
wrote last edited by [email protected]This is why publisher's are trying to derail "Stop Killing Games."
When they are done with a a game the don't WANT you to continue to play and enjoy it....
...they want you to forget about it and buy the next product they have and financially engage with the microtransaction ecosystem
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We can't justify the price. The end. That's it.
I was super interested in the Dune game, then they decided to not participate in the stream sale. Okay. Too bad. Life goes on. Get fucked, greedy devs.
I will say though, if you're the kind of guy who likes MMOs and RPGs (like me) you'll love dune.
I used to play a ton of RuneScape back in the day, and recently I've been playing Eve and Star Citizen but dune is just a better game in every possible way than those three. I've been so obsessed that I had to uninstall it this week so I could get to sleep on time for work haha
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Yes, I am using Arch btw
Sorry but I couldn't resist the opportunityNice! I am too, I'll have to check out the modpack loader thingy that sounds fantastic!
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Funny how that happens when people don't have any money.
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Depression has me not so interested in playing games anymore. Reading instead. Gaming is losing its magic for me. I’m 36.
It's fun how when you could really most use a reliable distraction you start to not be able to find joy in things you used to.
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Can't afford a home, holiday and now videogames.
