Ahh, class warfare, the last respite of the far left. When the price of something goes down demand for it will increase. It's basic macroeconomics, something the fools in DC and their union hack enablers repeatedly fail to recognize or acknowledge.
On Sep 9, 2010, at 12:15 PM, Bruce Johnson wrote: > > <http://www.bloomberg.com/news/2010-09-07/your-fat-paycheck-keeps-your-neighbor-unemployed-kevin-hassett.html> > > Yes, the solution to the unemployment problem is to reduce wages until > businesses can afford to hire people. > > Because in an economy *completely dependent* on consumer spending, giving > consumers less to spend is going to fix the problem. > > Then he asks the mind-bogglingly stupid question "If North Dakota has a 3.6% > unemployment rate, and Nevada is 11% why aren't people flocking to North > Dakota"? > > Here, lets school this "economist" some math: > > North Dakota has a population of 646,844, 3.6% of that is 23,386. > Nevada has a population of 2,643,085 11% of that is 290,739. > > If everyone who was unemployed in Nevada moved to North Dakota to take a job, > North Dakota's population would swell by 44% to 937,583, and the > unemployment rate would skyrocket to 28.5%. > > Do they think we're stupid or just profoundly innumerate? > > (and notice, he very carefully glosses over CEO pay in that list of 'who > should take a pay cut') > -- You received this message because you are subscribed to the Google Groups "StrataList-OT" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/stratalist-ot?hl=en.
