makes sense to me.

On Wed, Oct 09, 2002 at 01:41:25PM +1000, [EMAIL PROTECTED] wrote:
> On 9/10/2002 12:49 PM, "Michael Perelman" <[EMAIL PROTECTED]> wrote:
> 
> > Several times in the past, I mentioned that the unemployment rate should
> > include something to adjust for the quality of available jobs.  My idea
> > never resonated.  I am sure that it could not be calculated with any
> > exactitude, but I agree that an unemployment rate of 1% with everyone
> > flipping burgers might not be better than a rate of 5% with better jobs.
> > 
> 
> Wouldn't the quality of unemployment also be relevant? A rate of 1% where the 
> unemployed end up indentured to credit companies might be a lot worse than 5% 
> if they are free to enjoy productive unemployment. As the anarchists around 
> here put it, "unemployment for all, not just the rich!"
> 
> Thiago Oppermann
> 
> 
> 
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-- 
Michael Perelman
Economics Department
California State University
Chico, CA 95929

Tel. 530-898-5321
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