Quote:
Originally Posted by creekster
THat's not what I mean. Full employment is an UE rate of something like 4.5% to 5.5% becaseu we will never have 0% UE as some UE is built in to the economy. I was just wondering if the amount of such structural UE is affected by the social welfare state systems. IOW, maybe a higher rate is Full Employment for them. I have no idea, just musing.
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I don't know. I know unemployment rate is used as an indicator of how well the economy is doing. Ours has been so good for so long it appears to have lost some of its impact.
Full employment is 4.5 and we are at 5 and everyone is screaming how lousy this economy is? The point I was making though was taxes and social type programs and their effect on employment. It appears that unemployment is coming down in countries like Germany and France where a more conservative leader has been chosen.
However, here in america we are looking for change. That change will be higher taxes and higher unemployment. Maybe what we get in return will be worth it. I dont' think so, but at least I wish the libs would make that argument instead of pretending they can give us the socialist agenda and an economy as strong as the one we have had.