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?)
No Wonder Many Americans Are Pessimistic
(Financial Armageddon, 2/9/10)
U.S. Unemployment Varies Significantly Based on Income Levels
(Top Foreign Stocks, 2/20/10)
March could be a bad month for the jobless
(The Mess That Greenspan Made, 2/20/10)
Guest Post: "Ruminations on the Latest Unemployment Figures from the Bureau of Lies and Statistics"
(naked capitalism, 5/8/09)
{ 1 comment… read it below or add one }
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