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!
