Here is something else I’ve been reading about today.
Leo Hindery from the New America Foundation took a crack at how he thinks we should try to create jobs in this country.
That chart is actually a sanitized version of unemployment. The real “effective” unemployment rate is much higher – 18.7 percent. In short, we need to try something new. I don’t know if Hindery’s solution — protectionist, mercantilist (in other words, do what China does) is the right one.
Oh, and in another note, Swine Flu should come back with a vengeance this fall. The World Health Organization says get your act together now.
More on this topic
(What's this?)
Unemployment Numbers – Fake, or Really, Really Fake?
(Investment U, 6/29/09)
Unemployment Rises, Payroll Losses Far Exceed Analysts’ Estimates
(Money Morning, 7/2/09)
Unemployment: The Harder You Look, The Uglier It Appears
(naked capitalism, 9/2/09)
Even More Sobering Unemployment Readings
(naked capitalism, 7/3/09)
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Instead of having the gov. make policies which encourage people to have jobs, why not use gov policy to encourage people to start and run business’s. Forget manufacturing jobs, these will come if our country has a large small business owner class. We have become too dependant on someone else to be responsible for our well being. I get so tired of people talking about how they need jobs. To paraphrase Eddy Childs “If you dont have a job,start a business”
But we want government to force business to employ our lazy butts