What would it be if we counted the homeless? Unemployment count, like the poverty count I think, is a household count. They are not counted in the poverty count. There are millions of them Frank ---------- > From: Jim Devine <[EMAIL PROTECTED]> > To: [EMAIL PROTECTED] > Subject: [PEN-L:6783] Re: Re: EPR, prison, interest rates > Date: Thursday, May 13, 1999 4:19 PM > > Doug wrote: > >If you counted all U.S. prisoners as unemployed, it would push up the U > >rate from around 4.3% to 5.6%. Details also forthcoming in LBO. > > If most of these are structurally unemployed (i.e., having the wrong skills > or living in the wrong location, like the inner city, for the jobs > available), then this would lower the structural unemployment rate and thus > the NAIRU, the threshold unemployment rate beneath which inflation gets > worse and worse. > > Prison labor also competes with free labor, undermining its bargaining > power and keeping wage demands down. > > Jim Devine [EMAIL PROTECTED] & > http://clawww.lmu.edu/Faculty/JDevine/jdevine.html > Bombing DESTROYS human rights. US/NATO out of Serbia! >
