What is a good response to the Information below?

Opinion...

The official unemployment rate (U-3) defines unemployed people who are willing and availaible for work but cannot get work within past four weeks.Official unemployment rate is equal to Unemloyed peoplemultiply by 100.This rate is not reliable as it is either understated or overstated.

Some of the causes of its unreliability can be because, it does not seperate part time and full time workers. Or because itdoesn't consider quality of jobs. And because it does not consider long term unemployment rate as it takes into account a few weeks unemployment.

I think there must be some changes in the calculation of unemployment rate. I would recommend that the government should focus on the calculation of real unemployment rate.Rate unemployment rate is the rate which is called the U-6 measure is calculated on a monthly basis. It takes into consideration underemployed and discouraged workers as well.

Acadamic infaltion is a situation refers to the continual process of inflation, of the minimum job requirement which results in excess supply of college grduates possessing even heigher degrees, competing for jobs wherein higher degree is not even required. It means jobs that would traditionally require an associates degree would now require a bachelors or even a masters degree. Raising the minimum wages due to acadamic inflation is not the proper solution.

I think it would increase in minimum wage would increase the cost of production of firms which could further lead to wage push inflation. However, increased wages and spending by workers would raise demand and create more jobs and finally lead to increased tax revenue for the government.