06-04-2008, 06:39 PM | #21 | |
Demiurge
Join Date: Aug 2005
Posts: 36,365
|
Quote:
(btw, I assume you have heard analysis that sometimes unemployment can be TOO low. I assume you understand that. And how comparing 5.3% to 5.9% is pretty worthless in determining the strength of an economy). |
|
06-04-2008, 06:42 PM | #22 | |
Senior Member
Join Date: Aug 2005
Location: the far corner of my mind
Posts: 8,711
|
Quote:
It is bad for it to be too low if we are having labor shortages. I don't think we are there yet. If so, we would expect the economy to start overheating and perhaps experience wage driven inflation. I am not sure about this comparison of UE rates, however. Do the generous social benefits available in most European economies affect their structural rate of unemployment?
__________________
Sorry for th e tpyos. |
|
06-04-2008, 06:48 PM | #23 | |
Senior Member
Join Date: Jan 2006
Posts: 5,084
|
Quote:
.3% which is the diff between the US and UK would be even considered a big deal. Now lets look at France 7.5 and Germany 8.4 or even our pals up north, Canada 6.0. Do you think those are big differences? |
|
06-04-2008, 06:52 PM | #24 | |
Senior Member
Join Date: Jan 2006
Posts: 5,084
|
Quote:
That's another argument. Maybe high unemployment is really good for the masses, because it indicates the government is more concerned about a fair distribution of wealth than the economy. It didn't work for the Russian communists, maybe it is for the Chinese. |
|
06-04-2008, 06:55 PM | #25 |
Senior Member
Join Date: Aug 2005
Location: the far corner of my mind
Posts: 8,711
|
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.
__________________
Sorry for th e tpyos. |
06-04-2008, 07:03 PM | #26 | |
Senior Member
Join Date: Jan 2006
Posts: 5,084
|
Quote:
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. |
|
06-04-2008, 07:20 PM | #27 | |
Senior Member
Join Date: Nov 2006
Location: Utah
Posts: 1,148
|
Quote:
|
|
06-04-2008, 07:23 PM | #28 |
Senior Member
Join Date: Jan 2006
Location: Between Iraq and a hard place
Posts: 7,569
|
Which is why we need to completely overhaul our legal immigration process: to allow more people to quickly and legally immigrate to this country to fill the labor shortage.
|
06-04-2008, 07:24 PM | #29 |
Senior Member
Join Date: Aug 2005
Location: the far corner of my mind
Posts: 8,711
|
Not really, beacseu the illegals are here, so there has been no shortage.
__________________
Sorry for th e tpyos. |
06-04-2008, 07:28 PM | #30 | |
Senior Member
Join Date: Jan 2006
Posts: 5,084
|
Quote:
Does it boil down that the good jobs are going overseas and it is the crap jobs that stay here and we need immigrants to fill. If that is the case though, if we bring all those good jobs back home, who will fill them. |
|
Bookmarks |
|
|