Re: per capita GDP numbers : bogus?

I do not believe you have read a single book on economics. The only
reliable figure for unemployment is counting the claiments, and that is
the system used in France. The US and the UK downsized and right sized
their economies, France refused to do this, and it still has 10.2%
unemployment, and a moribund economy. Outsourcing to India, what
effect has this had on US jobs? Almost zero. Jobs in India, for the
most part, would never have exisited in the US in the first place. It
just allows the US to have a more flexible and larger labor pool than
its competitors. It will help with inflation because companies can
hold the cost down, it will help with corporate profits thus creating
more jobs. And doubtless in another 10 years the US will have a much
lower unemployment rate than France which will probably not allow its
companies to outsource. And the GDP per head would have widened
between the US and most countries in Europe.

The only traitorous senators are those that try to frustrate this
process. Alas there will be such senators who will revert to the
populist rhetoric that so many have become famous for. They will talk
about saving jobs for US workers, thus creating unemployment in the US.


Relevant Pages

  • How a New Jobless Era Will Transform America
    ... each recession since the 1980s has retreated more slowly than the one before it. ... The unemployment rate hit 10 percent in October, and there are good reasons to believe that by 2011, 2012, even 2014, it will have declined only a little. ... The broadest measure of unemployment and underemployment (which includes people who want to work but have stopped actively searching for a job, along with those who want full-time jobs but can find only part-time work) reached 17.4 percent in October, which appears to be the highest figure since the 1930s. ... The New York Times columnist Paul Krugman, who fears a lost decade, said in a lecture at the London School of Economics last summer that he has “no idea” how the economy could quickly return to strong, sustainable growth. ...
  • Jobless claims rise by largest amount in 3 months - OBAMA to Markets: DIVE DIVE DIVE!
    ... Jobless claims rise by largest amount in 3 months ... By MARTIN CRUTSINGER, AP Economics Writer Martin Crutsinger, Ap Economics Writer - Thu May 20, 4:29 pm ET ... WASHINGTON - The number of people filing new claims for unemployment benefits unexpectedly rose last week by the largest amount in three months. ... David Wyss, chief economist at Standard & Poor's in New York, said he believed the unemployment rate would hold at 9.9 percent in May while payroll jobs could increase as much as 250,000. ...
  • Re: per capita GDP numbers : bogus?
    ... >I do not believe you have read a single book on economics. ... > unemployment, and a moribund economy. ... > effect has this had on US jobs? ...
  • Re: Unemployment Rate Declines in January
    ... unemployment figures are derived from the Current Population Survey ... The loss of manufacturing jobs ... Unemployment is a West European epidemic - or luxury. ... idea of doing so for no extra money. ...
  • Re: So^ tha^t nghie^.p gia?m ? "Kinh te^ dda~ phu.c ho^`i"
    ... goa.i la` "Systematic" cu?a Unemployment Dept no' report khi ma` ke? ... of jobs since the recession began two years ago. ... the economy, but the respite may be temporary. ... Department report. ...