Steve Richfield wrote: > Perhaps you failed to note the great disparity between the US and the World's >performance since 2003, or that with each year, greater percentages of the GDP >is going into fewer and fewer pockets. Kids starting out now don't really have >a >chance.
Actually the opposite is true. Third world country economies are growing much faster than the US and Europe. http://www.google.com/publicdata?ds=wb-wdi&ctype=l&strail=false&nselm=h&met_y=ny_gdp_mktp_cd&scale_y=lin&ind_y=false&rdim=country&idim=country:AFG:HTI:TZA:UGA:SDN:VNM:NGA&tstart=-315619200000&tunit=Y&tlen=48&hl=en&dl=en >> When you pay people not to work, they are less inclined to work. > That does NOT explain that there are MANY unemployed for every available job, >and that many are falling off the end of their benefits with nothing to help >them. This view may have been true long ago, but it is now dated and wrong. Where is your data? There are also just as many jobs for each unemployed person because most people apply for more than one job. The reason for high unemployment in the U.S. is that benefits were extended for 2 years and because minimum wage laws have made lower paying jobs disappear or move overseas. When benefits run out, people will stop holding out for a better job and go back to work out of necessity. -- Matt Mahoney, [email protected] ________________________________ From: Steve Richfield <[email protected]> To: agi <[email protected]> Sent: Mon, August 2, 2010 10:16:23 PM Subject: Re: [agi] AGI & Int'l Relations Matt, On Mon, Aug 2, 2010 at 1:05 PM, Matt Mahoney <[email protected]> wrote: Steve Richfield wrote: >> I would feel a **LOT** better if someone explained SOME scenario to >> eventually >>emerge from our current economic mess. > > >What economic mess? >http://www.google.com/publicdata?ds=wb-wdi&ctype=l&strail=false&nselm=h&met_y=ny_gdp_mktp_cd&scale_y=lin&ind_y=false&rdim=country&idim=country:USA&tdim=true&tstart=-315619200000&tunit=Y&tlen=48&hl=en&dl=en > > > Perhaps you failed to note the great disparity between the US and the World's performance since 2003, or that with each year, greater percentages of the GDP is going into fewer and fewer pockets. Kids starting out now don't really have a chance. > Unemployment appears to be permanent and getting worse, > > >When you pay people not to work, they are less inclined to work. > That does NOT explain that there are MANY unemployed for every available job, and that many are falling off the end of their benefits with nothing to help them. This view may have been true long ago, but it is now dated and wrong. Steve agi | Archives | Modify Your Subscription ------------------------------------------- agi Archives: https://www.listbox.com/member/archive/303/=now RSS Feed: https://www.listbox.com/member/archive/rss/303/ Modify Your Subscription: https://www.listbox.com/member/?member_id=8660244&id_secret=8660244-6e7fb59c Powered by Listbox: http://www.listbox.com
